This is the Australian Industry Group Performance of Services Index for March
Comes in at an improved 56.9, strongly in expansion, again, for the 13th consecutive month
- February was 54.0
All the sub areas added to their expansion reading .... except for input costs and selling prices which fell a little but are nevertheless in expansion territory still.
Notable is 'wages', up 5.6 points to 59.9. The RBA would like to see wage growth faster (as would workers, especially in service sectors)
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Still to come, another services PMI, this time from CBA / Markit. Due at 2300GMT
And, later:
- Preview of the data due from Australia today- February trade balance
- Another preview of the data due from Australia today- February trade balance
Also:
- For AUD traders - levels to be aware of for the session ahead
(note the first resistance level listed in there .... AUD/USD nibbling at it now)
