Australia AiG Services PMI for January: 47.4 (prior 48.7)

Australian Industry Group Performance of Services Index falls into deeper contraction at 47.4

• prior 48.7
• second month in contraction
• bushfires and smoke pollution cited as major negatives)
• employment sub index stable but every other sub index contracted
  

The manufacturing PMI gets the attention but the services part of the economy is bigger.