Australian Industry Group Performance of Services Index
- prior 58.7
61.0 is the highest monthly result since October 2003. Highlights from the report:
- All five of the services sectors are in expansion
- All five activity indicators - sales, new orders, employment, stocks, and deliveries - showed positive and improving results in the month
- Survey participants said that business conditions on average continued to improve
- Demand from construction sector customers remains especially robust
- Increased demand for local tourism, new customers, a rise in demand for services and reduced competition all led to conditions moving closer to pre-pandemic levels across a greater range of sectors.
- Some respondents are concerned about input shortages and delivery disruptions, which seems to be particularly affecting materials and components for the construction sectors.
- Staff shortages and ongoing uncertainty about the outlook remain key concerns for many services sector businesses.
--
And thus completes the last of the six PMIs from Australia for the month of April.
