The services sector in Australia slipped into the red in May, the latest survey from S&P Global revealed on Wednesday with a services PMI score of 48.7.That’s down from 50.7 in April and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction.Reduced demand, market uncertainty and higher prices due to the war in the Middle East were behind the fall in business activi…
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.