Australia's PSI drops 2.8 points in Dec.

(MENAFN) The services sector in Australia performed poorly at the end of last year as the Performance of Services Index (PSI) fell 2.8 points to 46.1 last month, Xinhua reported. Ai Group Chief Executive said that signs of improvement in the services sector were seen after the federal election, but the performance in December shows that the sector is underperforming. The chief executive said: "Continuing weakness in the important services sector underlines the fragility of the domestic economy at a time when a lift in non-mining related activity is needed to meet the challenge of rebalancing in the wake of the mining investment boom."