Australia services sector continued to expand in March, with a services PMI score of 55.6, the latest survey from S&P Global revealed on Tuesday. Thats down from 57.4 in February, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction. This marked the second consecutive month in which business activity in the Australia service sector rose. Growth of new work continued for a second straight month in March, having been adversely affected by the Omicron wave outbreak in January. The survey also said its composite index fell to 55.1 in March from 56.6 in February.
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