Australia AiG Performance of Services rose 1.5 pts to 55.8 in February, highest since June 2018, as “recovery following the COVID-19 recession of 2020 gaining in strength”. Looking at some details, sales rose 5.5 pts to 65.7. New orders rose 3.6 pts to 58.4. However, employment dropped -13.2 to 42.7. Input prices rose slightly by 1.8 to 64.4. But selling prices jumped 11.2 to 56.2.
Ai Group Chief Executive, Innes Willox, said: ” While the continued improvement in conditions is heartening, employment fell in February following a strong recovery in the preceding months. Employers and employees will be hoping that the further growth in new orders recorded in February signals the continued recovery of sales and employment over the next few months.”
