The growth zone

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.

Houses and Holes

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the fouding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.

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.

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Comments

  1. So, the Brisbane based engineering consultancy I work for retrenched 15 people today (round 4 in the past 2 yrs). Boom… what boom?

  2. …but Wayne Swann was on the ABC radio the other day saying how wonderful our inventory stocking and no other segment of the economy growing .7 GDP was!