Monday, September 2, 2019

Oz's PMI revised downwards

When preliminary estimates of a time series are revised down, it can be a sign that the underlying strength of that indicator is falling.  CBA's preliminary August Australian PMI has been revised down to match the low point in April.  There are some who think that Oz's growth rate is likely to pick up from now on.  Meself, I hae me doots.


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