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- The Australian Industry Group Australian Performance of Services Index improved by 1.3 points in April
The Australian Industry Group Australian Performance of Services Index improved by 1.3 points in April
The Australian Industry Group Australian Performance of Services Index improved by 1.3 points to 53.0 points in April (seasonally adjusted) marking the seventh month of expansion or stable conditions for the sector. Results above 50 points indicate expansion, with higher numbers indicating a stronger rate of expansion.
Four of the five activity sub-indexes in the Australian PSI indicated growth in April (seasonally adjusted). Sales rose to 55.0 points, new orders improved to 54.5 points, employment continued to grow (but at a slower rate than the previous month, at 51.9 points) and supplier deliveries moved into growth (53.1 points) from contraction. Stocks continued to shrink in April but at a slower pace, registering 47.0 points in the month.
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