I’m posting this information about 5 minutes prior to its scheduled release time.
If you are reading it, shame on you.
I’ll have to set the FBI on you for using data before the rest of the market gets it.
–
- 0.7 point decline from February
- Sub-50 (ie. manufacturing in contraction) since November 2013
- New orders did improve (again) to 52.3, the first ‘expansion’ since October 2013
Respondents to the Australian PMI voiced renewed concerns over both the high level and the recent appreciation of the Australian dollar. Manufacturers across almost all sub-sectors noted intensified import competition. This weighed significantly on local demand for their products.
