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02.11.2016 23:55:40
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Australia Service Sector Swings To Expansion
(RTTNews) - The service sector in Australia moved to expansion in October, the latest survey from the Australian Industry Group revealed on Thursday with a Performance of Service Index score of 50.5.
That's up from 48.9 in September, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
Among the sub-indexes, employment, sales and new orders expanded.
Among the sub-sectors, health, recreation, wholesale and finance all expanded, while communications, retail, property and business contracted.
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