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.
Preview here, including graph of past results.
5.8 per cent increase in detached house sales multi-unit sales fell by 11.2 per cent in August
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
Falling further into contraction (but no impact on AUD … awaiting GDP figures)
Australian Industry Group Australian Performance of Services Index for August due at 2330GMT Prior was 39.4 in July The services sector has been in contraction since January of 2012, according to this indicator: There is unlikely to be much of … Continue reading
The construction PMI is the strongest of a bad bunch: The rate of contraction in construction has moderated, with “less pronounced falls in new orders, activity and employment. Notably, the contraction in new orders was the slowest in almost 2½ … Continue reading