MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_NextPart_000_00D6_01D7BB61.BA2074B0" This is a multipart message in MIME format. ------=_NextPart_000_00D6_01D7BB61.BA2074B0 Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: 8bit Embargoed until 08.30 AEDT Embargoed till 0830 AEDT THURSDAY 7 OCTOBER 2021 Australian PSI®: Lockdowns stall services industries' activity again in September The Australian Industry Group Australian Performance of Services Index (Australian PSI®) rose slightly by 0.1 points to 45.7 in September, marking a second month in contraction following stronger results earlier in 2021 (results below 50 points indicate contraction, with the distance from 50 points indicating the strength of the contraction). Download full report (embargoed until 8.30 am) Ai Group Chief Executive, Innes Willox, said: "Restrictions associated with the delta outbreaks in south eastern Australia were the major contributor to the continued contraction of the Australian services sector in September. Retail trade & hospitality dominated the downturn while business & property services also contracted as did personal & recreational services. The logistics sector saw competing forces balance gains and losses in the steady overall performance. Despite lower sales and a further contraction in new orders, employment held up pointing to an expectation that activity will rise as restrictions are eased. While predictions are highly conditional, we are expecting a mild upturn in October followed by further gains as restrictions are eased in line with higher levels of vaccination," Mr Willox said. Australian PSI® – Key Findings for September 2021: * The business-oriented sectors in the Australian PSI® were stable or contracted in September (see table below) with most respondents reporting some impact from lockdowns in Victoria and NSW and border restrictions nationwide. Logistics (up 3.1 points to 50.0) saw an increase in demand for freight transport and related services and reported stable conditions for the sector. * Among consumer-oriented sectors, retail trade & hospitality reported large falls in activity (up 5.7 points to 28.8) as lockdowns in Victoria and NSW greatly diminished demand, while personal, recreational & other services also shrank further (down 7.0 points to 43.0). * Two of the five activity indices in the Australian PSI® expanded in September (see table below), with employment remaining positive for a sixth month (down 1.4 points to 52.0) and the inventories index rising into expansion (up 15.8 points to 53.5). The sales index contracted further for a second month (up 1.4 points to 41.4) after six months of solid growth ended in July, while new orders shrank to its lowest level since September 2020 (down 7.6 points to 39.8) after reaching a series high in May 2021. * The input prices index moderated further (down 7.0 points to 64.5), returning to levels similar to early in 2021. September marked 15 months of input price increases after a record low for this index in June 2020. The selling prices index slowed but remained positive for a seventh month (down 1.4 points to 53.9), indicating that fewer businesses were able to pass on rising input costs to their customers. The average wages index decelerated (down 3.8 points to 59.2), indicating a second month of easing wage pressures. View all Economic Indicators Seasonally adjusted Index this month Change from last month 12- month average Seasonally adjusted Index this month Change from last month 12- month average Australian PSI® 45.7 0.1 50.1 Business-oriented services Sales 41.4 1.4 50.5 Business & property 44.7 -5.6 50.8 Employment 52.0 -1.4 50.2 Logistics 50.0 3.1 47.5 New Orders 39.8 -7.6 50.8 Finance & insurance na na 53.5 Supplier deliveries 47.0 3.0 48.8 Finished stocks 53.5 15.8 48.9 Consumer-oriented services Capacity utilisation (%) 76.2 -4.2 76.4 Retail trade & hospitality 28.8 5.7 47.7 Prices and wages Health & education na na 51.7 Input prices 64.5 -7.0 64.0 Personal, recreational & other 43.0 -7.0 53.3 Selling prices 53.9 -1.4 48.8 Average wages 59.2 -3.8 57.1 Results above 50 points indicate expansion. Trend indexes in the Australian PSI® are calculated with a Henderson 13-month filter formula. na: Results are not available for this sector in this period due to unusually low survey response numbers. All sectors are included in the total results. NOW AVAILABLE: Click here for full list of 2021 release dates for the Australian PSI® Background: The Ai Group Australian PSI® is a leading indicator of services activity in the Australian economy. It is a seasonally adjusted national composite index based on the diffusion indices for sales, orders/new business, deliveries, inventories and employment with varying weights. An Australian PSI® reading above 50 points indicates that services activity is generally expanding; below 50, that it is declining. The distance from 50 is indicative of the strength of the expansion or decline. Results are based on a sample of around 200 companies each month. Media Enquiries Tony Melville: 0419 190 347 The Australian Industry Group (Ai Group) is a peak employer organisation in Australia which represents thousands of businesses in an expanding range of sectors including: manufacturing; engineering; construction; food & beverage processing; transport & logistics; information technology; telecommunications; labour hire; and defence. Ai Group's influence crosses all areas of workplace development and sustainability. aigroup.com.au This email has been sent to you as a member of Ai Group or the media and forms part of our communications services to you. Go to the Ai Group website to receive other information services or opt out. Unsubscribe . ------=_NextPart_000_00D6_01D7BB61.BA2074B0 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable Embargoed until 08.30 AEDT = =
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Embargoed till 0830 AEDT=C2=A0
THURSDAY 7 OCTOBER 2021

Australian = PSI=C2=AE: Lockdowns stall services industries' activity = again in September


The Australian Industry Group Australian = Performance of Services Index (Australian PSI=C2=AE) = rose slightly by 0.1 points to 45.7 in September, marking a second month = in contraction following stronger results earlier in 2021 (results below = 50 points indicate contraction, with the distance from 50 points = indicating the strength of the contraction).

Download full report (embargoed until 8.30 = am)

Ai Group Chief Executive, Innes Willox, = said: "Restrictions associated with the delta outbreaks in = south eastern Australia were the major contributor to the continued = contraction of the Australian services sector in September. Retail trade = & hospitality dominated the downturn while business & property services = also contracted as did personal & recreational services. The logistics = sector saw competing forces balance gains and losses in the steady = overall performance. Despite lower sales and a further contraction in = new orders, employment held up pointing to an expectation that activity = will rise as restrictions are eased. While predictions are highly = conditional, we are expecting a mild upturn in October followed by = further gains as restrictions are eased in line with higher levels of = vaccination," Mr Willox said.

Australian PSI=C2=AE =E2=80=93 = Key Findings for September 2021:

  • The business-oriented = sectors in the Australian PSI=C2=AE were stable or = contracted in September (see table below) with most respondents = reporting some impact from lockdowns in Victoria and NSW and border = restrictions nationwide. Logistics (up 3.1 points to 50.0) saw an = increase in demand for freight transport and related services and = reported stable conditions for the sector.
  • Among consumer-oriented = sectors, retail trade & hospitality reported large falls in activity (up = 5.7 points to 28.8) as lockdowns in Victoria and NSW greatly diminished = demand, while personal, recreational & other services also shrank = further (down 7.0 points to 43.0).
  • Two of the five activity = indices in the Australian PSI=C2=AE expanded in = September (see table below), with employment remaining positive for a = sixth month (down 1.4 points to 52.0) and the inventories index rising = into expansion (up 15.8 points to 53.5). The sales index contracted = further for a second month (up 1.4 points to 41.4) after six months of = solid growth ended in July, while new orders shrank to its lowest level = since September 2020 (down 7.6 points to 39.8) after reaching a series = high in May 2021.
  • The input prices index = moderated further (down 7.0 points to 64.5), returning to levels similar = to early in 2021. September marked 15 months of input price increases = after a record low for this index in June 2020. The selling prices index = slowed but remained positive for a seventh month (down 1.4 points to = 53.9), indicating that fewer businesses were able to pass on rising = input costs to their customers. The average wages index decelerated = (down 3.8 points to 59.2), indicating a second month of easing wage = pressures.

View all Economic = Indicators

=C2=A0

Seasonally adjusted

Index this month

Change from last month

12- month average

Seasonally = adjusted

Index this month

Change from last month

12- month average

Australian = PSI=C2=AE

45.7

0.1

50.1

Business-oriented = services

Sales

41.4

1.4

50.5

Business & = property

44.7

-5.6

50.8

Employment

52.0

-1.4

50.2

Logistics

50.0

3.1

47.5

New Orders

39.8

-7.6

50.8

Finance & = insurance

na

na

53.5

Supplier = deliveries

47.0

3.0

48.8

Finished stocks

53.5

15.8

48.9

Consumer-oriented = services

Capacity utilisation = (%)

76.2

-4.2

76.4

Retail trade & = hospitality

28.8

5.7

47.7

Prices and = wages

Health & education

na

na

51.7

Input prices

64.5

-7.0

64.0

Personal, recreational & = other

43.0

-7.0

53.3

Selling prices

53.9

-1.4

48.8

Average wages

59.2

-3.8

57.1

Results above 50 points = indicate expansion. Trend indexes in the Australian = PSI=C2=AE are calculated with a Henderson 13-month filter = formula.
na: Results are not available for this sector = in this period due to unusually low survey response numbers. All sectors = are included in the total results.

=C2=A0

NOW = AVAILABLE:
Click here for full list of 2021 = release dates for the Australian = PSI=C2=AE

= Background: The Ai Group Australian = PSI=C2=AE is a leading indicator of services activity in the = Australian economy. It is a seasonally adjusted national composite index = based on the diffusion indices for sales, orders/new business, = deliveries, inventories and employment with varying weights. An = Australian PSI=C2=AE reading above 50 points indicates = that services activity is generally expanding; below 50, that it is = declining. The distance from 50 is indicative of the strength of the = expansion or decline.=C2=A0Results are based on=C2=A0a sample = of=C2=A0around 200 companies each month.

Media Enquiries
Tony = Melville:=C2=A00419=C2=A0190 347

The Australian Industry Group (Ai Group) is a = peak=C2=A0employer organisation in Australia which represents thousands = of=C2=A0businesses in an expanding range of sectors including: = manufacturing; engineering; construction; food & beverage processing; = transport & logistics; information technology; telecommunications; = labour hire; and defence. Ai Group's influence crosses all areas of = workplace development and sustainability. aigroup.com.au
This email has been sent to you = as a member of Ai Group or the media and forms part of our = communications services to you. Go to the Ai Group = website to receive other information services or opt out. Unsubscribe.
=C2=A0
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