The expansion of the Australian manufacturing sector continued in April although its level eased following a 12-year high in March, with the Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) dropping 4.7 points to 53.4 (readings above 50 indicate expansion in activity and the distance from 50 indicates the strength of the increase). Ai Group Chief Executive, Innes Willox, said: "The current expansion in manufacturing is a much-needed turnaround for a sector that has been through a very tough decade. While margins remain tight, recovering domestic market share and building ... (full story)