Manage Watchlist
Watchlist Name:
Add Symbol:
 
Manage All Watchlists
Symbol 1
Close
Save to ...
New Watchlist Manage All Watchlists
Watch List 1
Close
Manage All Watchlists
Order Symbols By:
Most Recent Alphabetical
New Watchlist
Watch List 1
Close
Symbol Search
Symbol
Description
All sources
Sources
Simply start typing while on the chart to pull up this search box
Australia AUD

Australia Judo Bank Services PMI Final

Impact:
Medium
Source: Markit Economics

Latest Release:

Date:
Surprise:
-0.4
| AUD
Actual:
50.3
Forecast: 50.7
Previous/Revision:
52.1
Period: Jun
What Does It Measure?
The Judo Bank Services PMI Final measures the performance and health of the services sector in Australia. It focuses on key areas such as business activity, new orders, employment, and delivery times, providing insights into economic expansion or contraction, with a figure above 50 indicating growth and below 50 indicating decline, serving as a national economic indicator.
Frequency
The Judo Bank Services PMI Final is released monthly, typically on the first business day of the month, and represents a final figure rather than a preliminary estimate.
Why Do Traders Care?
Traders monitor the Judo Bank Services PMI Final as it serves as a reliable gauge of the services sector's health, directly influencing financial markets. Stronger-than-expected results can bolster the Australian dollar (AUD) and equities, while disappointments may lead to bearish sentiment in these markets.
What Is It Derived From?
This indicator is derived from a survey conducted among purchasing managers across the Australian services sector. The survey includes a diverse range of respondents, focusing on business activities, and uses a diffusion index where responses are weighted to calculate overall sector performance.
Description
The Judo Bank Services PMI Final reflects the month-on-month sentiment and is calculated based on responses regarding new orders, output levels, employment, and inventory changes. It is essential for forecasting economic trends as the services sector constitutes a significant portion of Australia’s GDP, influencing monetary policy decisions and market expectations. The PMI is reported as a single index number, which simplifies the communication of complex sector dynamics into an easily interpretable format.
Additional Notes
This PMI serves as a leading indicator for economic trends, providing timely insights into the services sector's performance that can influence broader economic activities. Its relationship with other indicators, such as the Manufacturing PMI and consumer sentiment, can help contextualize overall economic conditions within Australia and globally.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish for Stocks. Lower than expected: Bearish for AUD, Bearish 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
Jul 04, 2023
50.3
 50.7
52.1
 -0.4
Jun 04, 2023
52.1
 51.8
53.7
 0.3
May 02, 2023
53.7
 52.6
48.6
1.1
Apr 04, 2023
48.6
 48.2
50.7
 0.4
Mar 02, 2023
50.7
 49.2
48.6
1.5
Feb 02, 2023
48.6
 48.3
47.3
 0.3
Jan 04, 2023
47.3
 46.9
47.6
 0.4