Services sector expands for a fourth month

THE Services sector is enjoying its longest continuous period of expansion in seven years, helped by the falling Aust dollar and record low interest rates.

THE services sector is enjoying its longest period of expansion in seven years, as the falling Australian dollar gives tourism and consumer services a boost.

THE Australian Industry Group's Performance of Services Index (PSI) fell 3.4 points to 52.3 points in September, but still managed to stay above 50, showing that activity is rising at a slower pace.