Markets

HSBC: Australia’s economic rebalancing act is nearly complete

Australia has been undergoing a once in a multi-generation economic transition since the beginning of the decade, with household spending, residential construction and the nation’s services sector tasked with helping to offset the negative economic effects of the unwinding mining infrastructure boom. While it hasn’t been all smooth sailing over […]
HSBC: Australia’s economic rebalancing act is nearly complete
Markets

China’s manufacturing is on a bit of a roll

China’s manufacturing sector expanded for the third month in a row in May, albeit at a marginal pace of growth. According to China’s National Bureau of Statistics (NBS), the official manufacturing purchasing managers’ index (PMI) held steady at 50.1 during the month, bucking expectations for a decline to 50.0. It […]
China’s manufacturing is on a bit of a roll
Markets

SMALL BUT MIGHTY: Australia’s manufacturing sector is looking good

Activity levels across Australia’s manufacturing sector continued to expand last month, providing further evidence that Australia’s economic rebalancing is continuing to strengthen. The Ai Group’s performance of manufacturing index (PMI) came in at 53.4, down on the 12-year high of 58.1 struck in the prior month. The index measures changes […]
SMALL BUT MIGHTY: Australia’s manufacturing sector is looking good
Markets

The great hope for China’s economic future is suddenly looking better

The great hope for China’s economic future — the nation’s vast services sector — showed renewed signs of life in March. The latest Caixin-Markit services purchasing manager’s index (PMI) rose to 52.2, up from 51.2 in March, indicating that activity levels accelerated at a faster pace last month. A PMI […]
The great hope for China’s economic future is suddenly looking better
Markets

BOOM: Australian manufacturing hits a 12-year high

This is not an April Fool’s joke. Activity levels across Australia’s manufacturing sector expanded at the their fastest pace in over a decade in March. The Ai Group manufacturing purchasing managers index (PMI) jumped by 4.6 points to 58.1, leaving the index at the highest level seen since April 2004. […]
BOOM: Australian manufacturing hits a 12-year high
Markets

China just posted more shocking trade data

Chinese trade data produced another horror show in February with steep declines registered in both imports and exports for the month. From a year earlier exports fell by 25.4%, more than doubling expectations for a decline of 12.5%. Not only was it far steeper than the 11.2% contraction seen in […]
China just posted more shocking trade data
Markets

China’s economy is ‘still weak and unstable’

Activity levels in China’s services sector, tasked with powering China’s economic transition in the years ahead, decelerated sharply in February, yet again amplifying concerns over the strength of the Chinese economy at present. The Caixin-Markit services purchasing managers’ index slid to 51.2 in February, down 1.2 points on the 52.4 […]
China’s economy is ‘still weak and unstable’
Markets

Australia’s economic transition is looking good

Australia’s economic rebalancing is looking like an unstoppable freight train right now. On the back of a strong December quarter GDP report released yesterday, a robust manufacturing PMI report for February and a jump in new home sales in January, now the nation’s vast services sector is joining in. The […]
Australia’s economic transition is looking good
Markets

The lower dollar is helping Australian manufacturing pick up steam

Activity levels across Australia’s manufacturing sector grew at the fastest pace since 2010 last month, adding to evidence that Australia’s economic transition away from mining-led growth to that powered by non-mining sectors is gathering momentum. The Ai Group’s manufacturing purchasing managers index (PMI) rose by 2.0 points to 53.5, leaving […]
The lower dollar is helping Australian manufacturing pick up steam
Markets

Mobile shopping is doubling in China each year

On the back of strong growth in household income and wealth, retail spending has been one of the few shining lights for the Chinese economy of late. The pace of growth, no matter what method used to measure it, has been phenomenal since the turn of the century. According to […]
Mobile shopping is doubling in China each year
Markets

NAB: Australian business is showing surprising resilience

Australian business confidence levels remained unchanged last month, brushing aside concerns over the health of the global economy – led by China – that rattled financial markets. That’s the resilient, and frankly surprising, outcome from the National Australia Bank’s (NAB) latest business report for January with the survey’s headline confidence […]
NAB: Australian business is showing surprising resilience
Markets

Cracks are forming in Australia’s residential construction sector

Activity levels across Australia’s construction sector declined for a second consecutive month in January. The latest HIA-AIG Performance of Construction Index (PCI) came in at 46.3, down 0.5 points on the 46.8 level of December. It was the lowest level recorded since February 2015. Like all PMI gauges, a reading […]
Cracks are forming in Australia’s residential construction sector
Markets

China’s services sector strengthened in January

Activity across China’s services sector, now the largest component of the broader Chinese economy, strengthened modestly in January. The Caixin-Markit services purchasing manager index (PMI) rose by 2.2 points to 52.4 in January, leaving the index above the 50 level that separates expansion from contraction. Activity across the sector is […]
China’s services sector strengthened in January
Markets

Australia’s manufacturing sector continues to grow

Australia’s manufacturing sector continued to grow in January, adding to signs that the economy’s transition is gaining traction. The latest Ai Group manufacturing purchasing managers index (PMI) came in at 51.5, the seventh consecutive month that a reading above 50 had been recorded. While down 0.4 points on December, the […]
Australia’s manufacturing sector continues to grow