Services PMI for Australia is down to 49.6 in May

Market news

3 June 2015

Services PMI for Australia is down to 49.6 in May

The Australian Industry Group released its services purchasing managers' index (PMI) for Australia on late Tuesday. Australia's PMI fell to 49.6 in May from 49.7 in April.

A reading below 50 indicates a contraction of the sector.

The sales, new orders, supplier deliveries and stock levels subindex contracted, while employment subindex expanded.

The three-month moving average for the services PMI fell 0.7 points to 49.8.

Eurozone: Retail Sales (YoY), April 2.2% (forecast 2.0%)

Auto sales in the U.S. increase in May

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