AIG Australia Services Index

Country:
Australia
AUD, Australian Dollar
Sector:
Business
Low 27.1
38.7
Last release Importance Actual Forecast
Previous
27.1
Next release Actual Forecast
Previous
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The Australian Industry Group (AIG) Services Index is calculated based on the monthly survey of Australian service sector companies. It reflects the current economic development of the national service sector. The indicator calculation includes data from all nine service sectors. These include retail and wholesale, hotel and restaurant services, social services (education, health care, public services), recreational sector, financial and insurance services, real estate and business services, IT and transportation.

This is a diffuse index, which is calculated as a weighted set of key indicators. These include subindexes related to the service activity (sales, new orders, employment, inventories, deliveries from suppliers) and price related subindexes (input and selling prices, as well as average employee wages).

Participants estimate relative changes, i.e. whether the value has increased, decreased or has not changed during the specified month. Each of the values used for the index calculation is given a certain weight.

Readings above 50 indicate the expansion of the construction activity, those below 50 are an indication of a decline. The distance from 50 characterizes the speed and strength of changes in the industry.

Since the service sector makes a significant contribution to the country's GDP and its activity characterizes the economy development, analysts closely follow this index. It is considered to be a strong indicator of the economy state. The index growth can have a positive effect on the Australian dollar quotes.

Last values:

actual data

The chart of the entire available history of the "AIG Australia Services Index" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
Apr 2020
27.1
38.7
Mar 2020
38.7
47
Feb 2020
47
47.4
Jan 2020
47.4
48.7
Dec 2019
48.7
53.7
Nov 2019
53.7
54.2
Oct 2019
54.2
51.5
Sep 2019
51.5
51.4
Aug 2019
51.4
43.9
Jul 2019
43.9
52.2
Jun 2019
52.2
52.5
May 2019
52.5
46.5
Apr 2019
46.5
44.8
Mar 2019
44.8
44.5
Feb 2019
44.5
44.3
Jan 2019
44.3
52.1
Dec 2018
52.1
55.1
Nov 2018
55.1
51.1
Oct 2018
51.1
52.5
Sep 2018
52.5
52.2
Aug 2018
52.2
53.6
Jul 2018
53.6
63
Jun 2018
63
59
May 2018
59
55.2
Apr 2018
55.2
56.9
Mar 2018
56.9
54
Feb 2018
54
54.9
Jan 2018
54.9
52
Dec 2017
52
51.7
Nov 2017
51.7
51.4
Oct 2017
51.4
52.1
Sep 2017
52.1
53
Aug 2017
53
56.4
Jul 2017
56.4
54.8
Jun 2017
54.8
51.5
May 2017
51.5
53
Apr 2017
53
51.7
Mar 2017
51.7
49
Feb 2017
49
54.5
Jan 2017
54.5
57.7
Dec 2016
57.7
51.1
Nov 2016
51.1
50.5
Oct 2016
50.5
48.9
Sep 2016
48.9
45
Aug 2016
45
53.9
Jul 2016
53.9
51.3
Jun 2016
51.3
51.5
May 2016
51.5
49.7
Apr 2016
49.7
49.5
Mar 2016
49.5
51.8

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