Services sector contracts for fourth consecutive month

By David Olsen · 3 September 2010 · Cashflow

Services sector in free fall: What's behind the decline?

Australia's services sector has contracted for the fourth consecutive month, leaving businesses and investors on edge. But what's driving this downturn, and what does it mean for the country's economic future?

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Summary

The performance of the Australian services sector continues to be uninspiring, with political uncertainty surrounding Australia’s hung parliament impacting on demand in August.

Tags: Australia, Commonwealth Bank, Heather Ridout, Interest rate, Performance of Services Index, Rba