The AustralianPerformance of Services Index (Australian PSI) moderated in February, with the index falling 5.5 points to 49.0 (results above 50 points indicate expansion, with higher numbers indicating a stronger rate of expansion).

This indicates stable conditions across the sector, following three months of growth. Only one of the five activity sub-indexes in the Australian PSI was above 50 points and indicating expansion in February (seasonally adjusted data). Supplier deliveries continued to grow (53.7 points), but at a slower pace than in January. The four other activity indicators indicated stable (around 50 points) or contracting (under 50 points) conditions in February