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.
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