FSUGY - Construction Bears Continue To Prevail In Australia
Introduction
The global economy appears to remain bearish moving further into 2019, which presents some opportunities to short business cycle-sensitive sectors. The construction sector in particular is a strong indicator of a country’s economic health; how consumers behave when purchasing houses and infrastructure projects which are undertaken. As the Australian economy has experienced inconsistent GDP growth relative to its American counterpart, forecasting GDP in the land down under appears to be a logical first step. This is done through the recent release of Australia’s PMI and previous PCI release. We find evidence which suggests that