Australian Industry Group Performances of Services Index for May
After spending 2 months in contraction, back into expansion
Key points from AiG:
– Of the five activity sub-indexes sales (51.7 points) and stocks (51.2 points) lifted into positive territory in May while new orders (55.3 points) continued its expansion. Deliveries (49.1 points) and employment (49.1 points) were both stable to slightly negative