Australia – Services PMI for March: 51.7 (prior 49.0)

Australian Industry Group Performance of Services Index, for March up 2.7 points to 51.7
– February was a 5.5 point drop to 49.0

AiG’s key points:
– Three of the five activity sub-indexes indicated expansion in March (seasonally adjusted). Sales expanded in March (53.8). Employment grew solidly (55.0 points) and new orders improved to 52.3 points. Stocks continued to shrink in March (45.1 points) and supplier deliveries fell into contraction (46.3 points).