The Australian Industry Group Performance of Services Index fell 0.9 points to 52.1 in September (seasonally adjusted), signalling a marginal slowing in growth from August. Australian PSI results above 50 points indicate expansion, with higher numbers indicating stronger rates of growth.

All five of the activity sub-indexes in the Australian PSI were above 50 points and indicating growth in September (seasonally adjusted), but four of them grew at a slower pace than in August. Sales (52.9 points), new orders (51.9) and employment (51.4) growth moderated while stocks (inventory) (51.8) built up at a slower rate. Supplier deliveries (52.6) returned to expansion.

Capacity utilisation fell to 77.1% of available capacity being utilised across the services sector in September.