Australia Australian Industry Group performance of Services Index for July

Well … I did double take on that result.

But … there it is.

Comes in at 43.9

  • plummeting from June's 52.2
  • largest monthly fall since July 2018
  • owest since the end of 2014

Australian Industry Group comment:

  • It suggests trading conditions for many businesses dived again in July

Mmmm .... ya think?

Australia pmi


The services PMI does not attract the attention of the manufacturing PMI …. despite services being a larger part of the economy. Go figure. Anyway, that's probably a good thing on results like this one, AUD would be at something like zero if anyone cared :-D