India, Aug. 4 -- The services sector in Australia continued to expand in July, and at a faster pace, the latest survey from S&P Global revealed on Tuesday with a services PMI score of 54.1.
That's up from 53.8 in June and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Central to the latest acceleration in business activity growth was a sharp rise in new work. Incoming new business expanded at the fastest pace since April 2022, as survey panelists reported stronger demand and wider customer bases. Sub-sector data showed the real estate & business services sector led growth in both activity and new sales for a second successive month.
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