Australia’s service sector is still declining, but experts speculate that easing lockdown restrictions will see the industry recover in the coming months. According to the Australian Industry Group’s performance of service index, although there has been an increase of 0.1 points to 45.7 for September, as it still falls below the 50 points mark, indicating an overall contraction of performance. Further, most business-oriented services either remained stable or contracted for September, with most reporting that the lockdowns somewhat impacted them in Victoria and New South Wales (NSW). Retail trade and hospitality also reported significant falls in activity in September due to reduced demand. The performance of the service index also decreased by 5.7 to 28.8 points, which is a drastic reduction considering the 12-month average for this sector is 47.7 Chief Executive of the Australian Industry Group Innes Willox said that the restrictions associated with the Delta outbreaks in southeastern …
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