Australia Service PMI Jumps To 63.0 … RTT
Australia Service PMI Jumps To 63.0 In June – AiG
The service sector in Australia continued to expand in June, and at an accelerated rate, the latest survey from the Australian Industry Group revealed on Wednesday with a
record high Performance of Service Index score of 63.0.
That’s up from 59.0 in May, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
All of the sub-indexes expanded, including sales, new orders, employment, stocks, supplier deliveries, input prices, selling prices, wages and capacity utilization.
The service index has expanded now in 16 straight months.
by RTTNews Staff Writer