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Australia Services Sector Slips Into Contraction

Por: RTTNews Business April 05, 2023

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The services sector in Australia fell into contraction territory in March, the latest survey from Judo Bank showed on Wednesday with a services PMI score of 48.6.That's down from 50.7 in February, and it moves beneath the boom-or-bust line of 50 that separates expansion from contraction.Softer demand, affected by higher inflation and interest rates, led to fall in new during March. Although mild overall, the rate of deterioration was... + full article



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