FOREX TradingCharts.com

Financial News: Australia's Service Sector Contracts In November

Australia's Service Sector Contracts In November

12/03/2019 - 22:39:00 (RTTNews)

(RTTNews) - Australia's service sector contracted for the first time in three months in November on subdued sales growth and demand conditions, survey results from IHS Markit and Commonwealth Bank of Australia showed on Wednesday.

The services Purchasing Managers' Index fell to 49.7 from 50.1 in October. A score below 50 indicates contraction.

New business intakes increased at a marginal pace in November. Drought-related disruptions and global trade war impacts had dampened demand for Australian services. Consequently, jobs growth remained soft and marginal overall.

On the price front, service providers continued to face solid increases in operating expenses, with input price inflation intensifying in November. Services fees dropped for the first time since June 2016.

Business sentiment improved in November, but it remained relatively subdued.

Further, the survey showed that the composite output index dropped to 49.7 in November from 50.0 in October. The latest reading reflected declines in both services business activity and manufacturing output.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Wholesale Inventories Inch Up Less Than Expected In October (04 hr(s), 06 min(s), 55 sec(s) ago)
(RTTNews) - Wholesale inventories in the U.S. crept up by slightly less than expected in the month ...Full Story»

U.S. Consumer Sentiment Climbs To Seven-Month High In December (04 hr(s), 12 min(s), 55 sec(s) ago)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed a much bigger ...Full Story»

Malta Economic Growth Slows In Q3 (05 hr(s), 28 min(s), 55 sec(s) ago)
(RTTNews) - Malta's economic growth slowed further in the third quarter, preliminary data from ...Full Story»

U.S. Employment Soars Amid Return Of Striking GM Workers (05 hr(s), 46 min(s), 55 sec(s) ago)
(RTTNews) - Job growth in the U.S. showed a substantial acceleration in the month of November, acc ...Full Story»

U.S. Employment Jumps Much More Than Expected In November (06 hr(s), 26 min(s), 55 sec(s) ago)
(RTTNews) - Job growth in the U.S. showed a substantial acceleration in the month of November, acc ...Full Story»

France Trade Gap Narrows In October (07 hr(s), 14 min(s), 55 sec(s) ago)
(RTTNews) - France's trade deficit widened in October to its lowest level in five months, figu ...Full Story»

Germany Industrial Production Declines Most In 6 Months (08 hr(s), 24 min(s), 55 sec(s) ago)
(RTTNews) - Germany's industrial production declined at the fastest pace in six months in Octo ...Full Story»

Italy's Leading Indicators Signal Subdued Economic Activity: Istat (08 hr(s), 28 min(s), 55 sec(s) ago)
(RTTNews) - Italy's leading indicator continued to signal subdued economic activity in months ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Wholesale Inventories Inch Up Less Than Expected In October

12/06/2019 - 10:59 AM (RTTNews)
(RTTNews) - Wholesale inventories in the U.S. crept up by slightly less than expected in the month ...Full Story>>

U.S. Consumer Sentiment Climbs To Seven-Month High In December

12/06/2019 - 10:53 AM (RTTNews)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed a much bigger ...Full Story>>

Malta Economic Growth Slows In Q3

12/06/2019 - 09:37 AM (RTTNews)
(RTTNews) - Malta's economic growth slowed further in the third quarter, preliminary data from ...Full Story>>

U.S. Employment Soars Amid Return Of Striking GM Workers

12/06/2019 - 09:19 AM (RTTNews)
(RTTNews) - Job growth in the U.S. showed a substantial acceleration in the month of November, acc ...Full Story>>

U.S. Employment Jumps Much More Than Expected In November

12/06/2019 - 08:39 AM (RTTNews)
(RTTNews) - Job growth in the U.S. showed a substantial acceleration in the month of November, acc ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.