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2014.09.0221:06:00UTC+00Contraction Slows For Australian Service Sector

The service sector in Australia continued to contract in August, albeit barely, the Australia Industry Group revealed on Wednesday with a performance of service index score of 49.4.

That's up marginally from 49.3 in July, and it remains just under the boom-or-bust score of 50 that separates expansion from contraction.

Among the individual components of the survey, both the sales and new orders sub-indexes remained above 50 points in August.

Supplier deliveries, stocks and employment sub-indexes all continued to contract.



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