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Financial News: Australia Performance Of Service Index Climbs To 52.5

Australia Performance Of Service Index Climbs To 52.5 - AiG

10/02/2018 - 18:45:00 (RTTNews)

(RTTNews) - The service sector in Australia continued to expand in September, and at a faster rate, the latest survey from the Australian Industry Group revealed on Wednesday with a Performance of Service Index score of 52.5.

That's up from 52.2 in August, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, stocks, deliveries, new orders and sales all continued to expand in September, while employment fell into contraction.

Overall, it's the 19th straight month of expansion for the index.

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