The manufacturing sector in Australia continued to expand in November, albeit at a slower pace, the latest survey from the Australian Industry Group revealed on Tuesday with a seasonally adjusted Performance of Manufacturing Index score of 52.1.
That’s down from 56.3 in October although it remains above the boom-or- bust line of 50 that separates expansion from contraction.
The result largely reflects stabilization in conditions after a bounce- back into positive territory, following Victoria’s easing of activity restrictions in October. South Australia had the largest fall of any state due to lost production from the three-day shutdown.
Still, it remained in positive territory because of robust agricultural conditions, which boosted demand for food & beverage and machinery & equipment manufacturers. Victoria recorded its first month of expansion since March.
For comments and feedback contact: editorial@rttnews.com
[Economic News][1]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][2] to check out our [Econ Scorecard][2] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][3], [unemployment rate][4], [inflation][5] and much more.
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/retail-sales/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx