The Australian Industry Group has released two surveys in the last few days and boy do they make pretty reading. The first was the manufacturing index, which managed to flop into expansion for the first time in six months.
The second was the services index, which continued its now one year slump into recession:
Which led this blogger to draw the following. The Australian growth distribution map:
Hope “the boom” is reaching you.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.