A bit of an uptick in Oz's February PMI. Is it the bottom of the cycle? Prolly not -- the rise in the RBA's cash rate hasn't yet fully impacted the economy. But the rebound in China may be benefitting us. I haven't updated my Australian leading index for a while, so I should perhaps just grit my teeth and get down to it. It could be that we'll have a minor bump before the downturn resumes as the rise in rates starts to bite.
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