Construction PMI collapses into Depressionberg

David Llewellyn-Smith

Wednesday, 3 June 2020

Via AIG:

Need I remind you that building sites are NOT CLOSED. This is largely the crash that was coming anyway.

Congratulations go to Josh Depressionberg for engineering it. Full report.

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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.