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Australia Manufacturing Sector Slows In November - AiG

The manufacturing sector in Australia continued to expand in November, albeit at a much slower pace, the latest survey from the Australian Industry Group revealed on Monday with a Performance of Manufacturing Index score of 51.3.

That's down sharply from 58.3, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Among the individual components of the survey, production, supplier deliveries, exports, sales, selling prices, average wages and capacity utilization all continued to expand but at a slower rate.

Finished stocks and input prices expanded at an accelerated rate, while employment and new orders fell into contraction.

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