HomeLive CommentsAustralia AiG Performance of Services dropped sharply to 43.9, largest monthly decline...

Australia AiG Performance of Services dropped sharply to 43.9, largest monthly decline since 2018

Australia AiG Performance of Services dropped sharply to 43.9 in July, down from 52.2. The -8.3 pts fall is the largest monthly decline since July 2018. Reading below 50 signaled a return to contraction, as trading conditions for many businesses dived again.

Looking at some details, among the business-oriented sectors, only wholesale trade reported positive results. Among the consumer-oriented segments, the large ‘health, education & community services’ sector was strongest. The retail trade sector continued to perform very weakly.

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