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Service sector still contracting

AAP logoAAP 4/10/2016

Australia's service sector activity contracting, for it's second consecutive month, but at a slower rate.

The Australian Industry Group's Performance of Services Index (PSI) rose 3.9 points to 48.9 points in September, remaining below the 50 point level signifying contraction.

"The services sector looks to have made a partial recovery from the problems of August, with the decline in activity easing off considerably in September," Ai Group chief executive Innes Willox said in a statement on Wednesday.

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