The Australian Industry Group Australian Performance of Services Index (Australian PSI®) rose by 2.9 points to 58.7 in March, recording its highest monthly result since June 2018 as the recovery following the COVID-19 recession of 2020 continued to gain strength (results above 50 points indicate expansion, with the distance from 50 points indicating the strength of the increase). Ai Group Chief Executive, Innes Willox, said: "The recovery of Australia's services sector accelerated in March on the back of strong sales and a leap in new orders. Employment in the services sector, which has been slower to recover than ... (full story)