Contraction in services sector slows
Contraction in services sector slows Updated: 13:28, Wednesday July 4, 2012 Australia's services sector continued to contract in June but at a much slower pace than in previous months, a sign the struggling industry may have turned a corner.
The services sector shrank for a third straight month in July but the pace of contraction slowed unexpectedly even as new business declined at the fastest rate in the survey's 12-year history.