(AFX UK Focus) 2009-07-03 01:11 UPDATE 1-Australia service sector activity expands in June (Interactive Investor)

Friday, July 3, 2009

SYDNEY, July 3 (Reuters) - Activity in Australia's service sector expanded in June for the first time in 15 months as fiscal stimulus and low interest rates boosted demand. The Australian Industry Group (AiG)-Commonwealth Bank Performance of Services Index (PSI) rose 10.3 points to 50.2, taking it just above the 50 level that marks the threshold between growth and contraction. The survey of ...