Australia AiG September services index 48.0 vs 53.3 prior | Forexlive
- Prior was 53.3
- The input prices index increased from August, but growth in selling prices and average wages indexes
moderated from August – all remain elevated - There are reports of burnout among current staff. Increased uncertainty around future demand, particularly
related to the effect of higher interest rates, was a key concern for respondents. Some reported a slowdown in enquiries
customers particularly from the construction sector.
Australian PSI®
key numbers
(seasonally adjusted)
Index
this month
Change
from
last month
Historical
average
Australian
This is the lowest since October 2021 and indicates that rate hikes are beginning to bite.