Australian Industry Group Performance of Construction Index, for July
Its no secret this sector is struggling … but ugh what an awful number is this PMI.
- 11th consecutive month in contraction
- 6 year low
Sad details, selling prices (improved on the month) and wages (down on the month but still solid) some encouragement amidst the gloom I guess:
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The data point is rarely a forex mover upon release.
Its the final of the three monthly PMIs from AiG. Services came in at 43.9 for july while manufacturing was 51.3.