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AUD: March manufacturing PMI surged to the highest since 2004 - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    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.”
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