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Australian PMI: Manufacturing slows in July
The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI ® ) declined by 1.5 points to 52.5 points in July 2022 (seasonally adjusted). This indicates a weaker rate of expansion across manufacturing in July. Results above 50 points indicate expansion, with higher results indicating a faster rate of expansion. chart Manufacturing sectors: The machinery & equipment and building materials sectors fell into contraction in July. The machinery & equipment sector contracted following nine consecutive months of expanding conditions since October 2021. The indexes for the ... (full story)