The Australian Industry Group Australian Performance of Services Index (Australian PSI® ) lifted by 3.4 points to 51.8 in February, indicating expansion across the services sector (results above 50 points indicate expansion, with higher numbers indicating a stronger rate of expansion). • The February result for the Australian PSI® revives the expansion evident in the middle of 2015. This suggests household consumption growth could strengthen further in Q1 2016. • Of the five of activity sub-indexes in the Australian PSI® , all except supplier deliveries (47.7 points) were above 50 points in February. Sales and new ... (full story)