Australia AiG September services index 48.0 vs 53.3 prior

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Australia AiG September services index 48.0 vs 53.3 prior

<ul><li>Prior was 53.3</li><li>The input prices index increased from August, but growth in selling prices and average wages indexes
moderated from August - all remain elevated</li><li>There are reports of burnout among current staff. Increased uncertainty around future demand, particularly
related to the effect of higher interest rates, was a key concern for respondents. Some reported a slowdown in enquiries
customers particularly from the construction sector.
Australian PSI®
key numbers
(seasonally adjusted)
Index
this month
Change
from
last month
Historical
average
Australian </li></ul><p>This is the lowest since October 2021 and indicates that rate hikes are beginning to bite.</p>

                This article was written by Adam Button at forexlive.com.

Source: Australia AiG September services index 48.0 vs 53.3 prior

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