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Financial News: Australia Performance Of Services Index Tumbles To 27.1

Australia Performance Of Services Index Tumbles To 27.1 - AiG

05/06/2020 - 20:45:00 (RTTNews)

(RTTNews) - The services sector in Australia continued to contract in April, and at a steeper pace, the latest survey from the Australian Industry Group revealed on Thursday with a Performance of Services Index score of 27.1.

That's down from 38.7 in March and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Australia's services industries continue to struggle through a difficult period of pandemic-related closures and restricted activity.

Individually, contraction occurred in all sectors as this was the first full month of restrictions on commercial activity including closures or limited trading for many businesses in hospitality, retail, transport, recreation, personal services, education and even community services.

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INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Credit Nosedives $68.7 Billion In April

06/05/2020 - 15:33 PM (RTTNews)
(RTTNews) - A report released by the Federal Reserve on Friday showed a breathtaking nosedive in U ...Full Story>>

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06/05/2020 - 10:32 AM (RTTNews)
(RTTNews) - Ireland's economic expansion slowed slightly in the first three months of the year ...Full Story>>

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06/05/2020 - 09:50 AM (RTTNews)
(RTTNews) - A closely watched report released by the Labor Department on Friday claimed employment ...Full Story>>

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06/05/2020 - 08:43 AM (RTTNews)
(RTTNews) - A closely watched report released by the Labor Department on Friday claimed employment ...Full Story>>
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