Australia's services sector continued to contract in July, the Australian Industry Group reported Friday.
The AIG/Commonwealth Bank Performance of Services index fell to 46.5 from the June reading of 48.8.
Readings below 50.0 indicate contraction of activity in the measured sector.
AIG said declines in sales and new orders sent the sector further into contraction.
The employment category was also weaker, falling 4.8 index points to 44.3.
"The fall in the PSI for July highlights the fragility of business conditions in the services sector which is struggling to build momentum," said AIG Chief Executive Innes Willox.
by RTT Staff Writer
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