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Australia Manufacturing PMI Sinks Further Into Contraction

Por: RTTNews Business May 01, 2023

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The manufacturing sector in Australia continued to contract in April, and at a faster rate, the latest survey from Judo Bank revealed on Monday with a 35-month low manufacturing PMI score of 48.0.That's down from 49.1 in March and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.Demand for Australian manufactured goods fell further in April. New orders declined for the fifth month running, and... + full article



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