Australia has no manufacturing sector!

Friday 1 February 2013

At least, that’s the judgement of the national business paper, which failed to headline this morning’s awful PMI and eventually listed it somewhere below Kevin Rudd’s return to breakfast TV:

Meanwhile, China manufacturing, which is still growing, enjoys top spot:

I’m not sure that that is an editorial straight bat.

About the author

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 founding 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.