Markets

Australia’s massive services sector is growing again

Australia’s massive services sector — a linchpin for the economy — is growing again. The latest Performance of Services Index (PSI) released by the Ai Group rose by 1.8 points to 51.5 in May, leaving it above the 50 level that indicates activity levels are expanding. Like purchasing managers indices […]
Australia’s massive services sector is growing again
Markets

Australia’s all-important services sector may have a problem

Oops. Activity levels across the nation’s vast services sector declined for a second consecutive month in November with the Ai Group’s services PMI gauge slipping 0.7 points to 48.2, creating a niggling doubt over the strength of the recovery in Australia’s non-mining sectors, As is the case with other PMI […]
Australia’s all-important services sector may have a problem