Australia Services PMI for April: 61.0 (prior 58.7)
1 min readAustralian Industry Group Performance of Services Index
61.0 is the highest monthly result since October 2003. Highlights from the report:
- All five of the services sectors are in expansion
- All five activity indicators – sales, new orders, employment, stocks, and deliveries – showed positive and improving results in the month
- Survey participants said that business conditions on average continued to improve
- Demand from construction sector customers remains especially robust
- Increased demand for local tourism, new customers, a rise in demand for services and reduced competition all led to conditions moving closer to pre-pandemic levels across a greater range of sectors.
- Some respondents are concerned about input shortages and delivery disruptions, which seems to be particularly affecting materials and components for the construction sectors.
- Staff shortages and ongoing uncertainty about the outlook remain key concerns for many services sector businesses.
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And thus completes the last of the six PMIs from Australia for the month of April.
