CBA flash PMI passes the bottom

Tuesday, 23 June 2020

Via CBA:

The CBA Flash PMIs indicate that business activity improved over June following the sharp contraction in activity overApril and May. The reopening of the economy has taken the PMIs into expansionary territory for the first time since January 2020.

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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.