Australian Industry Group (AIG) Performance of Construction index (construction PMI) is due at 2230GMT. Prior was 47.6, the highest in over 3 years. Graph of past results: We’ve already seen the manufacturing and services PMIs from AIG, both coming in … Continue reading
Highest level for the index since March 2013, but still in contraction (i.e. below 50 … where its been since January 2012 … and its longest run of contraction since the index was begun in 2003) Improvements this month in … Continue reading
Prior was 47.1 Another rise for this PMI, up 0.8 of a point, but still in contraction
Preview is here (with link to graph showing improving trend) Updated graph (includes today’s data):
At 0000GMT we get HIA New Home Sales for September m/m, prior was +3.4%. The trend in the data appears higher.
ANZ CEO Michael Smith on the newswires, says better business confidence yet to boost lending. This isn’t good news – the RBA would like to see confidence leading to increased business and investment lending in order to hurry along the ‘transition’ … Continue reading
Up 3.9 points on August to 47.6 in September Its highest level in almost 3½ years Housing and apartment sectors driving the improved performance Hiring, though, fell An improvement, but the industry still contracting.
Up 3.9 points to 47.6 Last week we saw improvements in both the manufacturing and services PMI, the construction PMI continuing this improving pattern.
Australian Industry Group Performance of Construction PMI for September is due at 2230GMT. Prior was 43.7, which is still in decline, though the index has been generally improving over the past 3 months. Graph of past performance: With both manufacturing … Continue reading
Preview is here, including graph of past performance and link to the manufacturing PMI, which moved into expansion for the first time in over 2 years. – A big jump from the August result, but still in contraction territory.