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Australian PMI: Manufacturing Slows Further in September
The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) contracted for a second month in September. The index decreased by 0.8 points to 46.5 points this month (seasonally adjusted), indicating a mild contraction in conditions across the manufacturing sector. The three-month moving average also drifted down to 4 8. 1 points in September. Readings below 50 points indicate contraction. Respondents to the Australian PMI ® indicated that despite a welcome depreciation in the Australian dollar since early September, it remains high and continues to support intense import competition ... (full story)