-
Australian Manufacturing Strengthens Further in November
The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI® ) improved by 2.3 points to 52.5 points in November, indicating a net expansion across the manufacturing industries. (Readings above 50 points indicate expansion). § November was the 5th consecutive month in which the Australian PMI® has been above 50 points (net expansion). This is the longest unbroken run of expansion since 2010. Six of the past seven months have had an Australian PMI® above 50 points. § November’s improvement saw the Australian PMI® recover from October’s deceleration in growth, to a very similar ... (full story)