The service sector in Australia continued to contract in March, and at a much faster rate, the latest survey from the Australian Industry Group revealed on Tuesday with a Performance of Service Index score of 38.7.
That's down from 47.0 in February and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
The services sector is now entering a difficult period of pandemic-related closures and adjustments from a base already weakened by summer's bushfire crisis and by longer-term factors.
The index indicated stable conditions in finance & insurance but contractions in the five other sectors in March.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2154849/
No comments:
Post a Comment