The AIG’s Performance of Services measure is out this morning and has managed a small gain but is still in recession at 48.9 points:
The latest seasonally adjusted Australian Industry Group Australian Performance of Services Index (Australian PSI®) moved just 1 point higher to 48.9 points in November.
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.
