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Australia's manufacturing sector is going from strength to strength
Australia’s manufacturing sector enjoyed a strong start to the year with activity levels improving at a decent clip, building upon the momentum seen throughout 2017. The Ai Group’s Performance of Manufacturing Index (PMI) came in at 58.7 points in January in seasonally adjusted terms, up 2.5 points from the level reported in December. This index measures perceived changes in activity levels across Australia’s manufacturing sector from one month to the next. Anything above 50 signals that activity levels are improving while a reading below suggests they’re deteriorating. The distance away from 50 indicates how ... (full story)