26 Aug Australia Commonwealth Bank Services PMI
Services Sentiment in Australia decreased to 49.20 Index Points in August from 52.30 Index Points in July of 2019. Services Sentiment in Australia is reported by Markit Economics. The Commonwealth Bank Services PMI is based on data compiled from monthly replies to questionnaires sent to a representative panel of purchasing executives in over 400 private sector services firms in Australia. The panel is stratified by GDP and company workforce size. The services sector is divided into the following five broad categories: Transport & Storage, Consumer Services, Information & Communication, Finance & Insurance and Real Estate & Business Services. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides – Australia Commonwealth Bank Services PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news.