logo
Plus   Neg
Share
Email

Australia Service PMI Tumbles In July - AiG

The service sector in Australia fell deeply into contraction in July, the latest survey from the Australian Industry Group revealed on Monday with a Performance of Service Index score of 43.9.

That's down sharply from 52.2 in June and it slides well below the boom-or-bust line of 50 that separates expansion from contraction.

Individually, sales, employment, new orders, supplier deliveries, finished stocks and selling prices all were firmly in contraction territory, while capacity utilization, input prices and average wages expanded.

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.

Follow RTT