Economics Resource Centre

Performance of Services Index - November 2020

Australian PSI®
Up 1.5 points
(seasonally adjusted)

52.9

Australian PSI®
Up 2.6 points
(trend)

50.2
 

Next Release: 5 February 2021

November 2020 - OVERVIEW

Easing restrictions boost services sectors

The Australian Industry Group Australian Performance of Services Index (Australian PSI®) improved by 1.5 points to 52.9 points in November 2020 (seasonally adjusted), indicating a further improvement in conditions after a slump for much of 2020. This was the highest result for the services sectors since November 2019. Results above 50 points indicate expansion in the Australian PSI® with higher numbers indicating a stronger expansion.

The Australian PSI® indicated growth in four sectors and contraction in one of the five sectors available this month. Only 'retail trade and hospitality' continued to contract. Four activity indicators were positive and one contracted in November. Sales, new orders, employment and deliveries improved as activity restrictions eased and businesses ran down their inventory levels.

 

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