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Australian PMI: Manufacturing Sector Expands Slightly in July
The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI ® ) moved into positive territory this month, following eight month s of contraction between November 2013 and June 2014 . The index increased by 1.7 points , to 50.7 points (seasonally adjusted ) , indicating broadly stable conditions across the manufacturing sector . T he three - month - moving - average also edged higher in Ju ly, to 49 .6 points , indicating very mild contraction. M any respondents to the Australian PMI ® express ed renewed concern about the str onger Australian dollar, which has increased import ... (full story)