Australia - AiG Services PMI for January: 54.9 (prior 52.0)

Australian Industry Group Performance of Services Index for January

11 consecutive months of expansion ...longest such run since March 2008

All five activity sub-indexes expanded

• Employment its highest monthly result since December 2004 (up 5.4 points to 58.1 points)

The Australian PSI continues to show considerable variation in activity across the nine services sub-sectors, with conditions generally looking better in the business-oriented sub-sectors than in consumer-oriented sub-sectors

Wages sub-index +1.4 points to 57.5 points

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Earlier today:

• Australia - CBA/Markit Jan Services PMI: 53.8 (prior 55.1) & Composite: 54.2 (55.5)

Last week:

• Australia data - AiG manufacturing PMI, January: 58.7 (prior 56.2)
• Australia - CBA / Markit manufacturing PMI for January: 55.4 (prior 57.1)