Australia Performance Of Service Index Jumps In November - AiG

(RTTNews) - The service sector in Australia continued to expand in November, and at a sharply faster rate, the latest survey from the Australian Industry Group revealed on Wednesday with a Performance of Service Index score of 55.1.

That's up from 51.1 in October, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Among the consumer-oriented service sectors, retail, hospitality and health continued to expand, while recreation remains in contraction territory.

Among the business-oriented service sectors, wholesale trade, finance and transportation all contracted, while communications continued to expand.