Australia AiG Construction PMI for June: 35.5 (prior 24.9)

Australian Industry Group Performance of Construction Index

More than a 10 point rise on the month - high five! Oh, wait, deep, deep contractionary measure still for this sector.

(most) Sub measures higher, employment gains mover than 11 points for example,

• BUT …. wages sub index down

AUD barely moving.

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PMIs for Australia in June out earlier in the week:

• Australia - AiG Manufacturing PMI for June: 51.5 (prior 41.6)
• Australia - CBA/Markit Manufacturing PMI for June (final): 51.2 (vs. preliminary 49.8 & prior 44.0)