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Australia Manufacturing Activity Contracts Most Since May 2020

Por: RTTNews Business January 02, 2024

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Australia's manufacturing sector deteriorated at the fastest pace in more than three-and-a-half years in December, largely due to weaker demand conditions in both the home and foreign , survey data from S&P Global showed on Tuesday.The Judo Bank Manufacturing Purchasing Managers' Index fell to 47.6 in December from 47.7 in November.Any score below 50 indicates contraction in the sector. Further, activity fell for the tenth successive... + full article



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