LOGO
LOGO

Global Economic News

Australia Manufacturing Sector Picks Up Steam

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

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.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update: April 20 – April 24, 2026

April 24, 2026 15:15 ET
Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.