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Financial News: Australia Performance Of Service Index Eases In August

Australia Performance Of Service Index Eases In August - AiG

09/04/2018 - 21:20:00 (RTTNews)

(RTTNews) - The service sector in Australia continued to expand in August, albeit at a slower pace, the latest survey from the Australian Industry Group revealed on Wednesday with a Performance of Service Index score of 52.2.

That's down from 53.6 in July, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, stocks, sales, new orders and employment all continued to expand but at a slower rate. Deliveries moved from contraction to expansion.

Capacity utilization fell 1.7 percentage points.

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