Pete Wargent blogspot

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

'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, a must-follow for in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learned new concepts; one of Australia's finest young commentators' - Michael Yardney, Amazon #1 bestseller.

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

'Superlative work' - Grant Williams, founder RealVision.

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