The services sector in Australia swung to expansion in February, the latest survey from the Australian Industry Group showed on Thursday with a Performance of Service Index score of 51.8.
That’s up from 48.4 in January, and it moves above the boom-or-bust line of 50 that separates expansion from contraction.
Among the individual components, sales, new orders, stocks and deliveries all expanded – while supplier deliveries contracted.
The material has been provided by InstaForex Company – www.instaforex.com