Markets

Australia’s massive services sector is contracting again

The RBA left rates on hold yesterday highlighting both that “the prospects for an improvement in economic conditions had firmed a little over recent months” but also that “the outlook for inflation may afford scope for further easing of policy, should that be appropriate to lend support to demand.” In […]
Australia’s massive services sector is contracting again
Markets

Australian manufacturing slipped in October

The latest AiGroup report on the state of the local manufacturing industry has both good and less good news for the economy. On the downside, the October read on AiGroup’s Performance of Manufacturing Index fell 1.9 points to 50.2. On a more positive note, that’s the fourth month in a […]
Australian manufacturing slipped in October