Ser­vices hum but costs bite

Townsville Bulletin - - NEWS -

AC­TIV­ITY in the Aus­tralian ser­vices sec­tor lifted in June, ex­pand­ing for the fourth straight month, but busi­nesses are find­ing high en­ergy costs a prob­lem.

The Aus­tralian In­dus­try Group’s Per­for­mance of Ser­vices In­dex ( PSI) rose 3.3 points to 54.8 points in the month, stay­ing above the 50point level sig­ni­fy­ing ex­pan­sion.

Ai Group chief Innes Wil­lox said the ser­vices sec­tor ended the fi­nan­cial year in pos­i­tive ter­ri­tory, but con­di­tions were patchy across the sub- sec­tors.

“On the busi­ness in­puts side, more busi­nesses, across a wider range of sec­tors, are telling us that en­ergy pric­ing and avail­abil­ity out­look is highly chal­leng­ing,” he said yes­ter­day.

“The en­ergy prob­lem has be­come real and im­me­di­ate for Aus­tralian busi­ness.”

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