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Australia Service Sector Falls Into Contraction

Por: RTTNews Business November 03, 2022

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The services sector in Australia slipped into contraction territory in October, the latest survey from S&P Global showed on Thursday with a services PMI score of 49.3.That's down from 50.6 in September, and it falls beneath the boob-or-bust line of 50 that separates expansion from contraction.Total new fell in October, underpinned by a decline in demand. Anecdotal evidence suggested that weaker market conditions and higher interest rates... + full article



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