Australian PSI®
Down 2.1 points
(seasonally adjusted)
Australian PSI®
Down 0.6 points
(trend)
Next Release: February 2023
The Australian Industry Group Australian Performance of Services Index (Australian PSI®) declined falling 2.1 points to 45.6 points (seasonally adjusted) in November 2022 indicating contraction for a third month. Results below 50 points indicate contraction in the Australian PSI®, with lower numbers indicating a stronger rate of contraction.
The business-oriented sectors in the Australian PSI® reported mixed results: logistics (transport, storage and wholesale trade) indicated weak growth for a second month, while business & property declined for a fourth month.
Among consumer-oriented sectors, retail trade & hospitality declined – the second month of negative results for the year, and at a faster pace than October. Health & education was flat following two months of contractionary results, while the ‘personal, recreation & other’ services sector expanded marking three months of positive results .
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