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

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

From aigroup.com.au

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 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 & ... (full story)

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