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Financial News: Australia Services Sector Slows In September - AiG

Australia Services Sector Slows In September - AiG

10/03/2017 - 18:51:00 (RTTNews)

(RTTNews) - The services sector in Australia continued to expand in September, albeit at a slightly lower pace, the latest survey from the Australian Industry Group revealed on Wednesday with a Performance of Service Index score of 52.1.

That's down from 53.0 in August, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Among the sub-indexes, sales, new orders, employment, stocks and deliveries all expanded.

Individually, finance, recreation, communications and health all accelerated, while wholesale trade was steady and business services slowed.

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