The service sector in Australia continued to expand in September, and at a faster rate, the latest survey from the Australian Industry Group revealed on Wednesday with a Performance of Service Index score of 52.5.That's up from 52.2 in August, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.Individually, stocks, deliveries, new orders and sales all ...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.