Australia service sector index jumps to 50.2 in June
Published: 02 Jul 2009 17:13:50 PSTSYDNEY, July 3 - Activity in Australia's service sector expanded in June for the first time in 15 months as fiscal stimulus and low interest rates boosted demand.
The Australian Industry Group (AiG)-Commonwealth Bank Performance of Services Index (PSI) rose 10.3 points to 50.2, taking it just above the 50 level that marks the threshold between growth and contraction.
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