Australia Performance Of Service Index Slides In March – AiG

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.

For comments and feedback contact:

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Leave a Reply