Australia Service Sector Slows In December – AiG

By | January 8, 2019

The service sector in Australia continued to broaden in December, albeit at a slower pace, the current survey from the Australian Industry Group showed on Wednesday with a Performance of Service Index score of 52.1.

That’s down from 55.1 in November, although it stays above the boom-or-bust line of 50 that separates expansion from contraction.

Separately, sales, supplier shipments finished stocks and capacity utilization all slowed but continued to broaden.

The employment part fell sharply and into contraction, while new orders eked out a small increase to climb further into growth territory.

The material has actually been provided by InstaForex Company – www.instaforex.com

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