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.

Tuesday, 3 January 2017

Manufacturing sector expands again (55.4)

A big reading of 55.4 for AIG's manufacturing index (a reading of above 50 denotes expansion, so this was a strong result).

Source: AIG

Since the figures came out during the Christmas break, it went largely unreported that the manufacturing sector added +102,000 jobs in the year to November 2016 - more than all of the the other sectors of the economy put together. 

Perhaps not that surprisingly, therefore, the employment sub-index contracted suggesting that employment growth will slow, but six of the seven activity sub-indices improved from the preceding month. 

The full AIG report can be found here