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    03.03.2016 16:36 Australian Industry Group’s services purchasing managers’ index for Australia rises to 51.8 in February

    The Australian Industry Group (AiG) released its services purchasing managers' index (PMI) for Australia on the late Wednesday evening. The index rose to 51.8 in February from 48.4 in January.

     

    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 above 50 points in February.

     

    Main contributor to the rise were sales and new orders sub-indexes.


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