Australia Manufacturing Sector Picks Up Steam

The manufacturing sector in Australia continued to expand in January, and at a faster rate, the latest survey from the Australian Industry Group showed on Thursday with a Performance of Manufacturing Index score of 58.7.

That’s up from 56.2 in December, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

It also marks the 16th straight month of expansion, which is the longest winning streak in 13 years.

All seven sub-indexes expanded, including production, deliveries, new orders, stocks, sales, employment and exports.

The material has been provided by InstaForex Company – www.instaforex.com

Be the first to comment on "Australia Manufacturing Sector Picks Up Steam"

Leave a comment

Your email address will not be published.


*


Shares