The service sector in Australia continued to contract in November, and at a faster pace, the latest survey from the Australian Industry Group revealed on Thursday with a PMI score of 48.2.
That’s down from 48.9 in October, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components of the survey, all were in contraction – including deliveries, stocks, employment, new orders and sales.
The material has been provided by InstaForex Company – www.instaforex.com