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AU: Performance of Manufacturing Index, January 2021
The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) increased by 3.2 points to 55.3 points (seasonally adjusted), indicating a stronger improvement in conditions over the summer holiday period (December 2020 and January 2021*) compared to November 2020. Results above 50 points indicate expansion, with higher results indicating a faster rate of expansion. Australian manufacturing suffered severe disruptions in output, sales and activity during Q2 and Q3 of 2020 due to the COVID-19 pandemic but has been in recovery since September. Manufacturing businesses reported stronger ... (full story)