Australia Judo Bank Composite PMI

Category: Composite PMI

Units: Points

In Australia, the S&P Global Australia Composite PMI Output Index is a GDP-weighted average of the Commonwealth Bank Manufacturing Output Index and the Commonwealth Bank Services Business Activity Index. It tracks changes in business activity in the Australian private sector economy as a whole. A reading above 50 indicates expansion in business activity while below 50 points to contraction. .

A higher than expected figure should be seen as positive (bullish) for the AUD while a lower than expected figure should be seen as negative (bearish) for the AUD.

Source: S&P Global