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.
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
Australia’s 28th, and latest, PM Tony Abbott has a stiff task ahead of him and the UK’s Independent newspaper has this take on the man and his policies I’m out of here again now to chill after what has been … Continue reading
Declines in both engineering construction and apartment building activity were slightly steeper in August. Commercial construction contracted at a slower rate following a sharp deterioration in July The house building activity sub-index fell by 0.3 points to 49.0 in August. … Continue reading
Earlier this week we had the: AIG manufacturing PMI for August bounce to 46.4 (vs. 42.0 in July) and the Australian services PMI for August fall to 39.0 (39.4 prior) The construction PMI is not likely to have much of … Continue reading