Construction PMI collapses

Tuesday, 5 May 2020

Vai AIG:

Construction is designated an essential industry and has continued throughout so what happened? Some of it is new orders:

But activity cratered as well. I guess some projects stopped. Full report.

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.