AU Flash Services PMI
Track the AU Flash Services PMI for early insights into Australian services sector activity and economic growth.
Overview
This serves as an early indicator of Australian services sector health. The services sector accounts for approximately 66% of Australia’s GDP, making this a significant economic barometer. The Flash release is published about a week before the final PMI and tends to have the most market impact. A reading above 50.0 signals sector expansion, while below 50.0 indicates contraction.
Key Information
What it Measures
Level of a diffusion index based on surveyed purchasing managers in the services sector.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically has a positive effect on the currency.
Source & Frequency
Judo Bank and S&P Global (latest release) - https://www.pmi.spglobal.com/ • Released monthly, roughly three weeks into the current month.
How Data is Derived
Survey of purchasing managers which asks respondents to rate the relative level of business conditions including new business, employment, prices, and business expectations
Also Known As
Judo Bank Flash Services PMI
Acronym
Purchasing Managers' Index (PMI)