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Financial News: Australia Service Sector Accelerates In June - AiG

Australia Service Sector Accelerates In June - AiG

07/04/2017 - 20:16:00 (RTTNews)

(RTTNews) - The service sector in Australia continued to expand in June, and at a faster rate, the latest survey from the Australian Industry Group showed on Wednesday with a Performance of Service Index score of 54.8.

That's up from 51.5 in May, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

All five of the activity sub-indexes expanded in June.

Sales grew at a faster pace than in May, up 2.2 points to 54.7 points. New orders lifted 6.1 points to 58.9 points. Stocks rose but at a slower pace than in May (51.3 points). Supplier deliveries moved into expansion (53.1 points) in June, as did employment (53.2 points) in June.

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