Note: AU AIG Services Index was discontinued in Dec 2022; previously gauged service sector activity.
This data source was discontinued in December 2022.
What it Measures
This is a diffusion index level derived from surveys of service-oriented companies.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically benefits the currency.
Source & Frequency
Australian Industry Group (latest release) - https://www.aigroup.com.au/ • Data is released monthly, on the fifth business day following the end of the month.
How Data is Derived
Survey of about 200 service-based companies which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories
Also Known As
Performance of Services Index
Acronym
Australian Industry Group (AIG)