PSI_chart_May22.JPG

Australian PSI®
Down 8.6 points
(seasonally adjusted)

49.2

Australian PSI®
Down 1.1points
(trend)

54.9

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Next Release: 7 July 2022

May 2022 – Overview

Services move into contraction in May

 

The Ai Group Australian Performance of Services Index (Australian PSI®) fell by 8.6 points to 49.2 points (seasonally adjusted) in May 2022 indicating mild contraction and a deterioration from the strong results seen in recent months. Results below 50 points indicate contraction in the Australian PSI®, with lower numbers indicating a stronger rate of contraction.

Uneven dynamics are affecting the sector. Business & property and health & community services significantly down, but logistics, retail & hospitality and personal services up. All services activity indicators were stable or mildly contractionary, reflecting a moderation of the strong results in the past two months.

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