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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia S&P Global Composite PMI fell to 48.7 in May 2026
FMPMonthlyReleased June 2026
Australia S&P Global Composite PMI fell to 48.7 in May 2026, released June 2026, down 2 from April's 50.7 reading. The reading matched the 47.8 consensus.
Latest Release
48.700000
Actual
47.800000
Consensus
50.700000
Previous
Median Absolute Error
±0.31
across last 12 releases
Last Call
Jun 2026
Predicted: 45.38
Actual: 48.7
Error: -3.33
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 |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.62 | COMMODITIES | Bullish XAU | → View |
| S&P 500 | ▼ Inverse | −0.52 | INDEX | Bearish S&P 500 | → View |
| AUD/JPY | ▲ Direct | +0.43 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.39 | FOREX | Bullish AUD | → View |
| AUD/USD | ▲ Direct | +0.38 | FOREX | Bullish AUD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Composite PMI (Australia) was reported at 48.70 in May 2026. This beat the market consensus of 47.80 by 0.90. The reading fell from the previous value of 50.70. Over the past 12 months, the indicator has averaged 52.05, ranging from 47.00 to 55.70 across 14 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 47.83, down from the prior three at 53.03. Volatility over the past year (σ 2.62) is higher than the prior year (σ 0.41). In June readings over the past 3 years, S&P Global Composite PMI has averaged 50.13.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.31.
WHAT TO WATCH NEXT
The next release is scheduled for June 22, 2026. 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 June 2026.
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S&P Global Composite PMI - AU
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About S&P Global Composite PMI — Australia
DEFINITION
The S&P Global Composite PMI is a widely recognized financial indicator that measures the overall economic health of a country by combining the manufacturing and services sectors. It provides valuable insights into the current state of the economy, as well as future trends, and is used by investors, policymakers, and businesses to make informed decisions. With its comprehensive and timely data, the S&P Global Composite PMI is a crucial tool for understanding the performance of the global economy.
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 48.7, consensus 47.8. Prior reading (May 2026): 47.8. Before that (Apr 2026): 50.4.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.62) — a useful reference for commodities-focused traders.