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1 Apr 2016
AUD: March manufacturing PMI surged to the highest since 2004 - TDS
Research Team at TDS, notes that the Australian March manufacturing PMI surged to the highest since 2004 to 58.1.
Key Quotes
“Historically the market has viewed this as a lower tier release, but this strength is hard to ignore. New Orders +9 points, employment +6. All price sub-components were flat while average wages dropped 4 points, zero wages pressure.”
Key Quotes
“Historically the market has viewed this as a lower tier release, but this strength is hard to ignore. New Orders +9 points, employment +6. All price sub-components were flat while average wages dropped 4 points, zero wages pressure.”