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    03.02.2016 16:53 Australian Industry Group’s services purchasing managers’ index for Australia rises to 48.4 in January

    The Australian Industry Group (AiG) released its services purchasing managers' index (PMI) for Australia on the late Tuesday evening. The index rose to 48.4 in January from 46.3 in December.


    A reading above 50 indicates expansion in the sector, while a reading below 50 indicates contraction in the sector.


    Four of the five activity sub-indexes were below 50 points in January.


    Main contributor to the rise was health and community services sector.

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