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Australia AUD

Australia S&P Global Australia Services PMI Final

Impact:
Medium
Source: S&P Global

Latest Release:

Date:
Actual:
 
Forecast: 51.4
Previous/Revision:  
Period: Feb
What Does It Measure?
The S&P Global Australia Services PMI Final measures the performance of the services sector in Australia, focusing on business activity, new orders, employment, and pricing power within the service industry. It assesses overall economic health, where a reading above 50 indicates expansion and below signifies contraction, making it a crucial national indicator of sectoral performance.
Frequency
This indicator is published monthly, with the final figure typically released on the first business day of each month and represents the definitive assessment after preliminary estimates.
Why Do Traders Care?
Traders closely monitor the S&P Global Australia Services PMI Final as it provides insights into the economic vitality of the services sector, which is a significant component of Australia's GDP. Variations in the index can impact Australian currency (AUD) and influence stock market sentiment, as stronger-than-expected results usually support a bullish outlook for both, while weaker data can lead to bearish tendencies.
What Is It Derived From?
The PMI is derived from a survey of purchasing managers in the services sector, which uses a diffusion index methodology to gauge business conditions. It typically involves a weighted approach where various aspects like new orders, business activity, and employment are collected and analyzed to provide a comprehensive overview of sector performance.
Description
The S&P Global Australia Services PMI Final is a crucial economic indicator that reflects changes in the economic landscape by aggregating responses from survey participants about their business performance. As a leading indicator, it can offer foresight into future economic activities, allowing businesses and policymakers to make informed decisions based on shifting trends within the services sector.
Additional Notes
The Services PMI serves as a leading economic measure, providing early insights relative to other coincident or lagging indicators like GDP growth. Observations from this report are often compared with the Manufacturing PMI to understand broader economic dynamics and sectorial balance within the Australian economy.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Mar 04, 2025
 
 51.4  
Feb 04, 2025
 
 50.4  
Jan 05, 2025
 
 51.1