The services sector in Australia continued to expand in March, and at a faster pace, the latest survey from Markit Economics revealed on Wednesday with a services PMI score of 55.5.

That’s up from 53.4 in February, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were further gains in activity and new business, as well as sustained expansion in employment levels.

Business confidence regarding the outlook for activity over the coming year remained at high levels. While the degree of optimism was the softest since August 2020, expectations for an expansion remained marked. Positive sentiment was underpinned by sustained improvements in business conditions as the pandemic receded.

The survey also showed that its composite index climbed to 55.5 in March as well – up from 53.7 a month earlier.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.