ONLY CHARTS #538
Aus PMI, Aus inflation, Aus household spending, Aus job ads, NZ dwelling stock, US ISMs
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1. The final reading for Australia’s composite PMI was revised down to a very weak 46.6 in March. We find it difficult to believe that this accurately reflects economic activity in March.
2. Melbourne Institute’s trimmed mean inflation gauge rose solidly in March but slowed further in 3m/3m terms.
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