- Australia manufacturing sectors moved higher in January
The first month of 2010 saw a return to growth in the Australian manufacturing sector, although employment fell back following modest improvement in both November and December.
The seasonally adjusted Australian Industry Group-PricewaterhouseCoopers Australian Purchasing Managers’ Index rose by 2.5 points in January to 51.0, just above the 50-point level separating expansion from
contraction. Growth in new orders and exports resumed in January, leading to a moderate expansion in production. Companies in some sectors also relied on inventories to meet demand, with
aggregate stock levels being run down strongly...Read More
