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Financial News: Australia Performance Of Services Index Climbs T0 61.2

Australia Performance Of Services Index Climbs T0 61.2 In May - AiG

06/06/2021 - 20:41:00 (RTTNews)

(RTTNews) - The services sector in Australia continues to expand in May, and at a slightly faster pace, the latest survey from the Australian Industry Group revealed on Monday with a seasonally adjusted Performance of Services Index score of 61.2.

That's up from 61.0 in April, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

This was the highest monthly result in the Australian PSIĀ® since October 2003.

Four of the five activity indicators - sales, new orders, employment and deliveries - showed positive results in the month.

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