The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The Ai Group Australian Performance of Services Index (PSI) is a leading indicator of the economic health of the Australian services sector. It provides a monthly measure of business conditions, including sales, employment, and new orders across various service industries. Since the services sector represents the largest part of the Australian economy, this index is a critical gauge of overall domestic demand.
The index is based on a survey of several hundred service sector companies. A diffusion index is used where a reading above 50 indicates growth compared to the previous month, and a reading below 50 indicates a decline.