Australian Performance of Service Index

From aigroup.com.au

KEY FINDINGS ■ The services sector contracted in July, with the latest seasonally adjusted Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (Australian PSI®) rising by 0.3 points to 48.8 (readings below 50 indicate a contraction inactivity). ■ The Australian PSI® has remained below the critical 50 point level separating expansion from contraction for 10 of the past 12 months. ■ Nonetheless, in 3-month-moving-average terms, the Australian PSI® has picked up since the start of the year. ■ This has refl ected gradual increases in the ... (full story)