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Australian Industry index, manufacturing PMI, construction PMI - all into deep contraction
The latest from the Australian Industry Group is dour reading. Link here for more, but in summary:Key findings The Ai Group Australian Industry Index indicated contracting conditions in June, for the fifteen months since the start of the current interest rate rising cycle. The Australian PMI indicator fell to -25.6, indicating contractionary conditions in manufacturing not seen since the height of the pandemic. The employment, industrial activity and new orders indicators all weakened into broad...
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Posted: Aug 1 2023, 23:24
Author Name: forexlive
Views: 110729