Australia: Purchasing Managers Index (PMI), composite

* indicates monthly or quarterly data series

Purchasing Managers Index (PMI), composite

 Latest value 52.1
 Reference May 2024
 Measure index points
 Data availability May 2018 - May 2024
 Average 50.72
 Min - Max 21.7 - 58.8
 Source Markit Economics
For that indicator, we provide data for Australia from May 2018 to May 2024. The average value for Australia during that period was 50.72 index points with a minimum of 21.7 index points in April 2020 and a maximum of 58.8 index points in April 2021. Click on the following link to see the values of Purchasing Managers Index (PMI), composite around the world.
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* indicates monthly or quarterly data series

Recent values chart
Australia - Purchasing Managers Index (PMI), composite - recent values

Historical chart
Australia - Purchasing Managers Index (PMI), composite - historical chart - 2018-2024
Measure: index points
Source: Markit Economics

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Definition: The composite Purchasing Managers’ Index (PMI) is an indicator of economic health for manufacturing and service sectors. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. Each country PMI survey for the manufacturing or service sector is based on questionnaire responses from panels of senior purchasing executives (or similar) at over 400 companies. The composite PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.

 Related indicators Latest value Reference Measure
 Industrial production 0.00 Q3/2023 percent
 Retail sales Y-on-Y -1.74 Q3/2023 percent
 House price index 181.31 Q3/2023 index point
 Real residential property prices Y-on-Y change -2.86 Q3/2023 percent
 Business confidence survey 0.00 9/2023 points
 Consumer confidence survey -20.30 9/2023 points
 Purchasing Managers Index (PMI), composite 51.50 9/2023 index points
 Purchasing Managers Index (PMI), manufacturing 48.70 9/2023 index points
 Purchasing Managers Index (PMI), services 51.80 9/2023 index points
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