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Australia Manufacturing Sector Falls Into Contraction

Por: RTTNews Business March 24, 2023

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The manufacturing sector in Australia slipped into contraction territory in March, the preliminary survey from Judo Bank revealed on Friday with a manufacturing PMI score of 48.7.That's down from 50.5 in February, and it slips beneath the boom-or-bust line of 50 that separates expansion from contraction.Manufacturing output shrank for a fourth straight month on the back of falling new orders. The rate at which new orders contracted was the... + full article



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