When we don't factor in the environment in our economic decision making, we aren't getting an acurate picture of what's happening. Australia needs to adopt more environmental economics.
Labour force surveys and the Census just aren’t getting it right when it comes to the crucial task of measuring employment.
Census WA/AAP
For a long time the way we measure what is going on in our economy and society has distorted our actions. We're now building a more holistic way of measuring progress.
It’s important to look at what businesses are purchasing.
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If you're into business and finance there are myriad numbers you can look at. But PMI is one of the better ones if you really want to know where an economy is going.