June 2021 - Overview

Services sector recovery eases in June

The Australian Industry Group Australian Performance of Services Index (Australian PSI®) fell by 3.4 points to 57.8 points (seasonally adjusted) in June 2021 indicating positive but easing conditions compared to the record high seen in May. Results above 50 points indicate expansion in the Australian PSI®, with higher numbers indicating a stronger expansion.

All five of the services sectors available in the Australian PSI® in June indicated expansion (trend). All five activity indicators showed positive results for the month, but sales, new orders and employment all eased from the previous month (results above 50 points, seasonally adjusted).