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- The Australian Performance of Services Index moderated in February
The Australian Performance of Services Index moderated in February
The AustralianPerformance of Services Index (Australian PSI) moderated in February, with the index falling 5.5 points to 49.0 (results above 50 points indicate expansion, with higher numbers indicating a stronger rate of expansion).
This indicates stable conditions across the sector, following three months of growth. Only one of the five activity sub-indexes in the Australian PSI was above 50 points and indicating expansion in February (seasonally adjusted data). Supplier deliveries continued to grow (53.7 points), but at a slower pace than in January. The four other activity indicators indicated stable (around 50 points) or contracting (under 50 points) conditions in February
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