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Monday, 3 July 2017

ANZ job ads post "strong gain"

Jobs ads rise

Job advertisements were up again by a strong +2.7 per cent in June according to ANZ.

Ads are now a strong +10.5 per cent higher year-on-year, and seemingly accelerating.

AIG's Performance of Manufacturing Index (PMI) also posted another strong result, rising to 55.0, while NAB's Business Survey has been positive. 

Markets will have a field day on this, beginning to price in rate hikes late in 2018. 

Maybe premature on that front, but good to see an ongoing improvement nonetheless.