The service sector in Australia continued to expand in November, albeit at a slower pace, the latest survey from the Australian Industry Group revealed on Wednesday with a seasonally adjusted Performance of Service Index score of 53.7.
That's down from 54.2, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.
Among the business-oriented sectors finance and insurance reported positive results, logistics (wholesale trade, transport and storage) was stable, while business and property services contracted.
Among the consumer-oriented segments 'retail trade and hospitality' and 'personal, recreational and other services' were positive, while 'health, education and community services' contracted slightly.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2147609/
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