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Financial News: Australia Service Sector Slows In April - AiG

Australia Service Sector Slows In April - AiG

05/02/2018 - 19:45:00 (RTTNews)

(RTTNews) - The service sector in Australia continued to expand in April, the latest survey from the Australian Industry Group revealed on Thursday with a Performance of Service Index score of 55.2.

That's down from 56.9 in March, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

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

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