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Australia: The SME Ihs Markit Services Index rose to 57.4

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Australia’s SME IHS Markit services index rose in February to 57.4 from 46.6 in January (55.1 in December), returning above the 50-point threshold separating expansion from contraction just one month later.

Australia’s SME IHS Markit services index rose in February to 57.4 from 46.6 in January (55.1 in December), returning above the 50-point threshold separating expansion from contraction just one month later. The number is also 56.4 points higher than the preliminary reading released in February. On the other hand, the SME composite index rose last month to 56.6 points from the previous 46.7 points (54.9 points in December) versus 55.9 points in the flash data.

(RR – www.ftaonline.com)

Financial trend analysis (FTA Online) is a financial content provider. The research department analyzes the markets as a whole, and positions itself as its mission to support both the institutional investor class and the private sector and the immediate understanding of changes in the financial markets in order to provide cutting edge services.

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