Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Activity in Australia's services industries contracted for a second month in October as higher interest rates, labour shortages and flooding took a toll, according to the Australian Industry Group's Performance of Services Index (PSI) released on Tuesday.
The PSI fell 0.3 points to 47.7 points, indicating a second month of contraction. Business and property services showed the biggest month-on-month decline. Logistics was the only service sector that reported growth.
Pricing pressures remain elevated in the services industries. The input prices sub-index rose 4.2 points to 77.6, while selling prices rose 3.9 points to 62.2. The average wages sub-index fell 1.1 points to 64.8.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.