empty
 
 

22.10.202622:00:00UTC+00Australia’s Services Sector Slips Back Into Contraction as S&P Global PMI Falls Below 50

Australia’s services sector moved back into contraction territory in October, as the S&P Global Services PMI fell to 47.8, down sharply from 51.9 in September 2026.

The October 2026 reading, updated on 22 October 2026, marks a notable reversal from the previous month, when the index had remained in expansionary territory above the 50 threshold. The drop below 50 signals a broad weakening in business activity across Australia’s services industry, suggesting softer demand and potentially rising headwinds for the broader economy.

With services making up a substantial share of Australia’s economic output, the latest PMI data will likely heighten concerns about the momentum of growth heading into the final quarter of 2026, and may influence expectations around policy responses and corporate outlooks in the coming months.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback