Australia Service Sector Accelerates In April - Markit

By Rtt News Staff Writer8 days ago

The services sector in Australia continued to expand in April, and at a faster pace, the latest survey from Markit Economics showed on Wednesday with a services PMI score of 58.8.

That's up from 55.5 in March and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

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Business conditions improved amid faster expansions in both activity and new business. Positive demand conditions, including a renewed rise in new export sales, encouraged service providers to bolster hiring for the sixth consecutive month to accommodate greater operating capacity needs.

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