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Financial News: Australia Service Sector Slows In January - AiG

Australia Service Sector Slows In January - AiG

02/02/2017 - 18:37:00 (RTTNews)

(RTTNews) - The service sector in Australia continued to expand in January, albeit at a slower pace, the latest survey from the Australian Industry Group showed on Friday with a Performance of Service Index score of 54.5.

That's down from 57.7 in December, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, the sub-indexes for new orders, sales and employment expanded at an accelerated rate.

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