Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Thursday, 3 March 2016

Services sector expanding

The good news for the local economy keeps coming, with AIG's Performance of Services Index (PSI) increasing by some +3.4 points into expansion territory at 51.4 (a reading of above 50 denotes expansion). 

Source: AIG

Hearteningly, AIG's Performance of Manufacturing Index (PMI) is also now expanding at 53.5.

The Performance of Construction Index (PCI) is contracting, however, reflecting the demise of the mining construction boom.

AIG's reports can be found here