Economic Buzz: Australia AiG Service Sector Slows In April

Australia service sector decelerates slightly in April, with a Performance of Service Index score of 55.2, the latest survey from the Australian Industry Group revealed on Thursday. Thats down from 56.9 in March, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction. Individually, employment, new orders, sales and stocks all continued to expand, while deliveries fell to contraction.