The Australian Industry Group Australian Performance of Services Index (Australian PSI®) fell by 6.1 points to 51.7 points (seasonally adjusted) in July 2021, the largest monthly deceleration since April 2020. Results above 50 points indicate expansion in the Australian PSI® , with higher numbers indicating a stronger expansion.

Three of the five services sectors available in the Australian PSI® indicated slower growth in July but the two sectors that provide consumeroriented discretionary services contracted sharply (seasonally adjusted). Of the five activity indicators in the Australian PSI®, new orders remained robust while growth in sales and employment moderated, but supplier deliveries and stock levels both contracted in July (seasonally adjusted).

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