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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Judo Bank Services PMI climbed to 56.3 in January 2026
FMPMonthlyReleased February 2026
Australia Judo Bank Services PMI climbed to 56.3 in January 2026, released February 2026, up 5.2 from December's 51.1 reading. The reading matched the 56 consensus. Judo Bank Services PMI has now risen for 3 consecutive months. Over the past 3 months, Judo Bank Services PMI averaged 51.9, vs 53.48 in the prior 3-month window. Judo Bank Services PMI is now the highest in 22 months.
Latest Release
56.3
Actual
56
Consensus
51.1
Previous
Median Absolute Error
±0.28
across last 12 releases
Last Call
Feb 2026
Predicted: 56.05
Actual: 56.3
Error: -0.25
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.52 | INDEX | Bearish S&P 500 | → View |
| AUD/USD | ▲ Direct | +0.51 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.39 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.34 | COMMODITIES | Bullish XAU | → View |
| AUD/NZD | ▲ Direct | +0.32 | FOREX | Bullish AUD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Judo Bank Services PMI (Australia) was reported at 52.20 in February 2026. The reading fell from the previous value of 56.30. Trailing 12-month context per ETL data through February 2026. Over the past 12 months, the indicator has averaged 53.08, ranging from 51.00 to 56.30 across 15 releases.
WHY IT MATTERS
The trailing three releases averaged 53.20, up from the prior three at 52.17. Volatility over the past year (σ 1.59) is higher than the prior year (σ 0.56). In February readings over the past 3 years, Judo Bank Services PMI has averaged 52.17.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.28.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update February 2026.
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Judo Bank Services PMI - AU
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About Judo Bank Services PMI — Australia
DEFINITION
The Judo Bank Services PMI is a leading indicator of the health and performance of the services sector in the Australian economy. It measures the monthly changes in business activity, new orders, employment, and prices in the services industry, providing valuable insights into the overall economic conditions. This indicator is closely monitored by investors, policymakers, and businesses as it can help anticipate future trends and inform decision-making. A high reading indicates expansion in the services sector, while a low reading suggests contraction. The Judo Bank Services PMI is a reliable tool for assessing the current and future state of the Australian services industry.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 52.2. Prior reading (Jan 2026): 56.3. Before that (Dec 2025): 51.1.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.52) — a useful reference for index-focused traders.