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- The index of business activity in the services sector of Australia rose in November
The index of business activity in the services sector of Australia rose in November
The index of business activity in Australia's services sector, published by the Australian Industry Group (AiG), was 51.1 points, which is higher than the previous value of 50.5. AiG explores the results of a survey of 200 manufacturers in the assessment of business conditions including employment, production, orders, prices and stocks, as well as short-term planning. A reading above 50 is positive for the Australian currency.
Three of the five sub-indices of activity were above 50 indicating expansion in November. New orders rose 1.7 points to 54.0, employment expanded at a slower pace, falling 0.6 points to 52.3, deliveries climbed into positive territory, up 3.6 points to 51.8.
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