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Australia Services Sector Slips Into Contraction

Por: RTTNews Business August 03, 2023

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The services sector in Australia fell into contraction territory in July, the latest survey from Judo Bank revealed on Thursday with a services PMI score of 47.9.That's down from 50.3 in June, and it moves beneath the boom-or-bust line of 50 that separates expansion from contraction.The latest reduction in services activity was principally associated by panelists to the adverse impact of rising interest rates, which negatively affected... + full article



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