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Australia service sector flatlines in Oct-survey 02 Nov. 2011 SYDNEY, Nov 3 - Activity in Australia's service industries contracted slightly in October as firms complained of cautious consumers, though those providing business services fared better, a survey showed on Thursday. The Australian Industry Group (AiG) and Commonwealth Bank of Australia's overall performance of services index (PSI) dipped 1.5 points to 48.8, taking it just below the 50-level that separates growth from contraction. The professional business service sub-sectors recorded the strongest business conditions, with ... Read more | Comments