Wednesday 24th August 2022
It’s that time of the month when PMI reads give us a global snapshot of how everyone is doling relative to each other. NAB’s Ray Attrill says the US provided the biggest surprise with a sharp fall in the services number, moving further into contraction territory, with a read of 44.1 – a 27 month low. That’s somewhat worse than services numbers in Europe, and well below the UK, which continues to surprise, with a Services PMI read of 52.5 (actually growing). The bad news from the US was compounded by a fall in the Richmond Fed manufacturing index (also moving into contraction) and a further slowdown in new home prices. But Europe’s future continues to be dominated with higher fuel costs, which show no signs of settling down.
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False hope on G20? Unicorn dreams from Boris?
The G20 summit kicks off, but will Presidents Trump and Xi reach an agreement? I ask NAB’s Gavin Friend whether the expectations are overly optimistic.
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Much cheaper NBN wins it by a whisker
The green light has been turned back on for the NBN, perhaps because the Independents were told the cost to the taxpayer was considerably less than $43 billion.
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Focus on Helping, Not Closing
Sales people need to adopt a marketing approach to sales. That means spending more time building a strong relationship with a prospective client, rather than focusing too much on closing.
