empty
 
 

2014.09.0221:06:00UTC+00Contraction Slows For Australian Service Sector

The service sector in Australia continued to contract in August, albeit barely, the Australia Industry Group revealed on Wednesday with a performance of service index score of 49.4.

That's up marginally from 49.3 in July, and it remains just under the boom-or-bust score of 50 that separates expansion from contraction.

Among the individual components of the survey, both the sales and new orders sub-indexes remained above 50 points in August.

Supplier deliveries, stocks and employment sub-indexes all continued to contract.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback