Australian services sector on verge of collapse

By David Olsen · 4 August 2010 · Cashflow

Australia's Services Sector on the Brink: What's Next?

The country's services sector is teetering on the edge of collapse. Will the Federal Government's next move be enough to avert disaster?

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Summary

Australia’s services sector continues to contract as the Federal Government’s fiscal stimulus dries up and the Reserve Bank’s interest rate increases impact the services sector.

Tags: Australia, Commonwealth Bank, Heather Ridout, Interest rate, Performance of Services Index, Rba