Construction PMI remains moribund

Thursday, 7 November 2019

Via the AIG comes the construction PMI:

A little rebound in new orders as house purchases fall a little slower:

Which is pretty poor in itself given prices have turned so sharply and it is offset by ongoing steep falls in every other segment.

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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.