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Data from Financial Modeling Prep. Forecasts by Sigmanomics Forecast Engine.
AustraliaCommBank Services PMI climbed to 58.2 in July 2020
Financial Modeling PrepMonthlyReleased August 2020
CommBank Services PMI climbed to 58.2 in July 2020, up 5.1 from June's 53.1 reading. The reading matched the 58.5 consensus. The print is running well above the 12-month average of 36.81. Over the past 3 months, CommBank Services PMI averaged 43.44, vs 34.11 in the prior 3-month window. The reading is in the 96th percentile of the trailing 24-month range.
Latest Release
58.2
Actual
58.5
Consensus
53.1
Previous
The August 2020 reading rose from the previous value of 53.1. Historically, this indicator is positively correlated with AUD/USD (Bullish AUD) and positively correlated with AUD/JPY (Bullish AUD).
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CommBank Services PMI - AU
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