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Service PMI
- Balance of Payments
- Building Approvals
- Construction Work Done
- Consumer Price Index
- Export Price Index
- Gross Domestic Product
- Home Loans
- House Price Index
- Import Price Index
- Labour Price Index
- NAB Business Confidence
- New Motor Vehicle Sales
- Private Sector Credit
- Producer Price Index
- Purchasing Managers Index
- RBA Interest Rate Decision
- Retail Sales
- Service PMI
- Trade Balance
- Unemployment Rate
- Westpac-Melbourne Institute Coincident Index
- Westpac-Melbourne Institute Leading Index
- Westpac Consumer Confidence
Service PMI
The Service PMI indicator is determined based on monthly surveys of executives in the services sector. The purpose of the survey is to assess changes in the industry.
Index reading below 50 basis points indicate that services activity is generally declining. The formation of the final indicator is influenced not only by objective factors but also by psychological ones (subjective assessment of respondents). This adds weight to Service PMI, and therefore bidders pay attention to this indicator.