■ The services sector expanded in June 2015 after two months of broadly stable conditions. The seasonally-adjusted Australian Industry Group Australian Performance of Services Index (Australian PSI) increased by 1.6 points to 51.2 point this month (readings about 50 points indicate expansion, with the distance of 50 points indicating the strength of expansion.) ■ Recent results from the Australian PSI suggest growth in Australian demand for goods and services (as measured by the ABS in the National Accounts as 'domestic final demand') my have picked up modestly in Q2 2015. ■ Three of the five activity ... (full story)