Markets

Australia’s services sector is sliding as spending concerns linger

Growth in Australia’s services sector continued to slow in October, and activity in the sub-indexes for hospitality and retail remain particularly subdued. The Ai Group’s Performance of Services Index (PSI) fell by 0.7 points to 51.4 in October in seasonally adjusted terms. “Respondents in retail and hospitality are reporting weak […]
Australia’s services sector is sliding as spending concerns linger
Markets

Australia’s all-important services sector is humming

The Australian services sector continues to gain momentum, as the Ai Group’s PSI index posted its fifth straight month of gains in July. The index rose by 1.6 points to 56.4, with all five sub-indexes above 50 which indicates growth in seasonally adjusted terms. The PSI measures changes in activity […]
Australia’s all-important services sector is humming
Markets

Australia’s larger services industries continue to drive gains in the sector

Seasonally-adjusted activity in Australia’s services sector strengthened again in April. The Ai Group’s latest Performance of Services Indicator (PSI) reading rose by 1.3 points to 53.0: The PSI measures changes in activity levels across Australia’s services sector from one month to the next, ranging from a score of 0 to […]
Australia’s larger services industries continue to drive gains in the sector
Markets

Australian manufacturing stormed ahead again in April

The Australian manufacturing sector has continued its impressive run of recent growth. April figures for the Purchasing Manufacturers Index (PMI) released by the Ai Group climbed by 1.7 points to 59.2 points. The PMI measures changes in activity levels across Australia’s manufacturing sector from one month to the next. It […]
Australian manufacturing stormed ahead again in April
Markets

Last month saw a HUGE contraction in Australian apartment construction

Australia’s construction sector is contracting. Again. The latest HIA-Ai Group Performance of Construction Index (PCI) fell by 4.1 points to 46.7 in May, leaving the index below the 50 level that indicates activity levels are deteriorating. Like better recognised PMI gauges, the PCI measures changes in activity levels across Australia’s […]
Last month saw a HUGE contraction in Australian apartment construction
Markets

Australia’s massive services sector is growing again

Australia’s massive services sector — a linchpin for the economy — is growing again. The latest Performance of Services Index (PSI) released by the Ai Group rose by 1.8 points to 51.5 in May, leaving it above the 50 level that indicates activity levels are expanding. Like purchasing managers indices […]
Australia’s massive services sector is growing again
Markets

Australia’s manufacturing sector cooled in May

Conditions across Australia’s manufacturing sector improved at a slower pace in May, according to the Ai Group’s manufacturing purchasing managers’ index (PMI) released on Wednesday. The headline PMI came in at 51.0, down 2.4 points from April. Despite the fall, the series three-month moving average — a better guide as […]
Australia’s manufacturing sector cooled in May
Markets

Australian infrastructure construction went nuts in April

Out of the blue, Australia’s construction sector is expanding again. The latest Performance of Construction Index (PCI) released by the Ai Group jumped by 5.6 points to 50.8 in April, indicating that activity levels are now improving. It was the first reading above 50 in five months. Like purchasing managers […]
Australian infrastructure construction went nuts in April
Markets

Australia’s enormous services sector continues to struggle

Activity levels across Australia’s massive services sector continued to splutter in April, casting further doubt on the outlook for hiring, household spending and overall economic growth The Ai Group’s performance of services index (PSI) rose 0.2 points to 49.7, suggesting activity levels were basically unchanged compared to levels seen in […]
Australia’s enormous services sector continues to struggle
Markets

SMALL BUT MIGHTY: Australia’s manufacturing sector is looking good

Activity levels across Australia’s manufacturing sector continued to expand last month, providing further evidence that Australia’s economic rebalancing is continuing to strengthen. The Ai Group’s performance of manufacturing index (PMI) came in at 53.4, down on the 12-year high of 58.1 struck in the prior month. The index measures changes […]
SMALL BUT MIGHTY: Australia’s manufacturing sector is looking good
Markets

Australia’s construction sector is in a spot of bother

Australia’s construction sector contracted sharply in March, with activity levels across residential, commercial and engineering all deteriorating compared to levels seen in February. The AI Group-HIA performance of construction index (PCI) — akin to a PMI report — fell 0.9 points to 45.2, marking the fastest contraction seen in 13 […]
Australia’s construction sector is in a spot of bother
Markets

Australia’s enormous services sector went backwards in March

While activity levels across Australia’s manufacturing sector grew at the fastest pace in 12 years last month, that performance was not replicated in the nation’s vast services sector. According to the latest performance of services index (PSI) released by the Ai Group, activity levels actually fell in March after rising […]
Australia’s enormous services sector went backwards in March
Markets

Australia’s economic transition is looking good

Australia’s economic rebalancing is looking like an unstoppable freight train right now. On the back of a strong December quarter GDP report released yesterday, a robust manufacturing PMI report for February and a jump in new home sales in January, now the nation’s vast services sector is joining in. The […]
Australia’s economic transition is looking good
Markets

The lower dollar is helping Australian manufacturing pick up steam

Activity levels across Australia’s manufacturing sector grew at the fastest pace since 2010 last month, adding to evidence that Australia’s economic transition away from mining-led growth to that powered by non-mining sectors is gathering momentum. The Ai Group’s manufacturing purchasing managers index (PMI) rose by 2.0 points to 53.5, leaving […]
The lower dollar is helping Australian manufacturing pick up steam
Markets

Cracks are forming in Australia’s residential construction sector

Activity levels across Australia’s construction sector declined for a second consecutive month in January. The latest HIA-AIG Performance of Construction Index (PCI) came in at 46.3, down 0.5 points on the 46.8 level of December. It was the lowest level recorded since February 2015. Like all PMI gauges, a reading […]
Cracks are forming in Australia’s residential construction sector
Markets

The great hope for Australia’s economic transition is looking shaky

Activity levels across Australia’s vast services sector declined for a fourth month in January, creating further doubts over whether the rebound in non-mining sectors of the economy will be sustained in the year ahead. The latest Performance of Services Index (PSI) released by the Ai Group rose by 2.1 points […]
The great hope for Australia’s economic transition is looking shaky
Markets

Australia’s manufacturing sector continues to grow

Australia’s manufacturing sector continued to grow in January, adding to signs that the economy’s transition is gaining traction. The latest Ai Group manufacturing purchasing managers index (PMI) came in at 51.5, the seventh consecutive month that a reading above 50 had been recorded. While down 0.4 points on December, the […]
Australia’s manufacturing sector continues to grow
Markets

The sector vital to Australia’s economic transition just contracted

Australia’s vast services sector ended 2015 on a disappointing note with activity levels contracting at the fastest pace seen in over a year. That’s the unwelcome news to come from the latest Ai Group performance of services index (PSI) with the gauge slipping 1.9 points to 46.3 in December. Like […]
The sector vital to Australia’s economic transition just contracted
Markets

The outlook for Australian manufacturers is brightening

Activity levels across Australia’s manufacturing sector continued to expand in December with the latest Ai Group manufacturing PMI reading coming in at 51.9. Although down 0.6 points on the 52.5 level of November, the reading marked the sixth consecutive month that the index held above the 50 level separating growth […]
The outlook for Australian manufacturers is brightening