The services sector in Australia continued to contract in December, albeit at a slower pace, the latest survey from the Australian Industry Group showed on Wednesday, with a PMI score of 47.5.
That was up sharply from 43.8 in November, although it remains below the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components of the survey, sales, new orders, supplier deliveries, stock levels and employment all remained in contraction.
Among the sub-sectors, only health services expanded in December.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.