Australien - Dienstleistungen Sentiment

The Commonwealth Bank Services PMI in Australia fell to 49.5 in December 2019 from 49.7 in the previous month but above market expectations of 49.1, a preliminary reading showed. The reading pointed to the second straight month of contraction in services activity, though at a marginal pace. The rate of expansion in new business picked up to a six-month high while employment decreased for the first time in five months. On the price front, the rate of input cost inflation softened while output prices were raised marginally following a fall in November.

The Commonwealth Bank Services PMI in Australia fell to 49.7 in November 2019 from 50.1 in the previous month and compared to the preliminary reading of 49.5, final data showed. New orders increased at a marginal pace despite export demand falling further, while job creation was marginal. Meanwhile, input costs continued to rise sharply, but selling prices fell for the first time in nearly three-and-a-half years as weak demand limited pricing power.

The Commonwealth Bank Services PMI in Australia fell to 49.5 in November 2019 from 50.1 in the previous month and compared to market expectations of 53.5, preliminary data showed. New orders and employment continued to increase at a marginal pace. On the price front, input costs inflation rose to a 13-month high while output costs declined for the first time since June 2016 amid weak demand conditions.

The Commonwealth Bank Services PMI in Australia was revised lower to 50.1 in October 2019 from a preliminary print of 50.8 and below September's final reading of 52.4. New orders and employment rose at a softer pace while output went up marginally. In addition, export demand declined for the first time in over two years and the increase in backlogs of work was the weakest in eight months. On the price front, input prices continued to rise at a marked pace, albeit at the slowest rate since May, while output cost inflation increased to a one-year high. Finally, business sentiment dipped to a seven-month low.

The Commonwealth Bank Services PMI in Australia declined to 50.8 in October 2019 from 52.4 in the previous month and well below market forecasts of 52.2, preliminary data showed. New orders and employment rose at a softer pace while output went up marginally. On the price front, input prices continued to rise at a marked pace, albeit one that was the slowest since May, while output cost inflation increased to a one-year high. Finally, business sentiment dipped to a seven-month low.

The Commonwealth Bank Services PMI in Australia rose to 52.4 in September 2019 from 49.1 in the previous month, but slightly below a flash estimate and market expectations of 52.5, final estimates showed. The latest reading pointed to the strongest expansion in the services sector in three months, as new orders increased at the steepest pace since June, driven by marketing activities and low interest rates. Also, export orders advanced boosted by a weaker currency and service providers expanded their workforce numbers for the second straight month. On the price front, input cost inflation accelerated, mainly due to higher prices of energy, wage increases and drought-related disruptions while output charges rose at the softest pace in five months. Finally, sentiment improved about the outlook, as the Business Expectations Index went up to a 13-month high, amid improved economic conditions, an anticipated recovery in the housing market, promotional activities and new service offerings.