A one-chart update to January PMIs:
If this is rebalancing then there’s some way to go…
David Llewellyn-Smith
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.
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.
Latest posts by David Llewellyn-Smith (see all)
- CS: Australian GDP already recessionary - February 26, 2020
- Woolies wage theft balloons to $315m…and counting - February 26, 2020
- Trusting coronavirus statistics: Iran edition - February 26, 2020
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CS: Australian GDP already recessionary
Via the excellent Damain Boey at Credit
Woolies wage theft balloons to $315m...and counting
Forshame: That must go down as one of the
Gittins spruikbot flicks demand-pumping switch
Every time there there's an economic hiccup, the
Australian construction work collapses
The ABS has released data on the value of
We’re world beaters!
We beat all the PIIGs listed: Italy, Ireland, Greece and Spain. I wonder how Portugal went?
There has been a definite improvement in manufacturing in Spain and Portugal in the last quarter, mostly export oriented. However nobody expects a boom but more like a slow, gradual slog, so consumer spending is not increasing.