AIG Australia Services Index

Country:
Australia
AUD, Australian Dollar
Sector:
Business
Low 51.7
48.8
Last release Importance Actual Forecast
Previous
51.7
Next release Actual Forecast
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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
Jul 2022
51.7
48.8
Jun 2022
48.8
49.2
May 2022
49.2
57.8
Apr 2022
57.8
56.2
Mar 2022
56.2
60.0
Feb 2022
60.0
56.2
Jan 2022
56.2
49.6
Nov 2021
49.6
47.6
Oct 2021
47.6
45.7
Sep 2021
45.7
45.6
Aug 2021
45.6
51.7
Jul 2021
51.7
57.8
Jun 2021
57.8
61.2
May 2021
61.2
61.0
Apr 2021
61.0
58.7
Mar 2021
58.7
55.8
Feb 2021
55.8
54.3
Jan 2021
54.3
52.9
Nov 2020
52.9
51.4
Oct 2020
51.4
36.2
Sep 2020
36.2
42.5
Aug 2020
42.5
44.0
Jul 2020
44.0
31.5
Jun 2020
31.5
31.6
May 2020
31.6
27.1
Apr 2020
27.1
38.7
Mar 2020
38.7
47.0
Feb 2020
47.0
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
63.0
Jun 2018
63.0
59.0
May 2018
59.0
55.2
Apr 2018
55.2
56.9

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