Australia’s services sector is contracting at an ever increasing pace as the Reserve Bank of Australia uses a blunt tool, interest rates, to slow down inflation from Australia’s rampaging resource sector.
New Zealand’s services sector continues to grow for its 8th consecutive month, according to the June BNZ – BusinessNZ Performance of Services Index (PSI).
Australia’s services sector continues to struggle, contracting further in February with a fall in sales and further job losses. The Performance of Services Index by the Australian Industry Group and the Commonwealth Bank rose 0.9 points to 48.3 in February, with that still being below the key 50-point level separating growth and contraction. Finance and […]
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