Australia's services activity sees slower contraction in January

By Xinhua News Agency

Feb 06, 2024 12:06 am

The slower pace of decline was a result of a stabilization in demand supported by a shallower fall in export business, said the Judo Bank in a news release on Monday.

Despite posting below the 50.0 no-change mark for a fourth straight month at the start of 2024, the latest reading signalled a marginal contraction in services activity.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Toyota global output rises for the first time

Nvidia reports record $130.5-B revenue

Nissan considers replacing CEO

Indonesia, Apple agree to investment deal

Seven & I founders fail to secure buyout funding

EBay downgrades revenue forecasts for Q1

Amazon unveils its first quantum computing chip