Wednesday, 16 September 2009

Some cautionary missing tonnes

Along with cranes in the sky, those ready-mixed concrete trucks holding up the city traffic give a rough and ready indication of how the nation’s economy is travelling and figures out this morning from the Australian Bureau of Statistics suggest there is still reason to be cautious about how quickly this economy is recovering. Pre-mixed concrete production in the six state capitals in August at 1133 million cubic metres was down a massive 17% on the 2008 August figure. For the three months ended August this year, production was nearly 13% lower than in the same three months of last year. There is no green shoot in that lot of figures.
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