Australia services activity expands; S&P Global Services PMI at 53.2 in August
Australian services-sector activity continued to expand in August, with the seasonally adjusted S&P Global Australia Services PMI business activity index at 53.2.
By James GlynnSYDNEY--Australian services-sector activity continued to expand solidly in August, underscoring the resilience of the economy in the face of continuing global shocks and rising interest rates.The seasonally adjusted S&P Global Australia Services PMI business activity index posted 53.2…