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Australia Manufacturing PMI Sinks Further Into Contraction - Judo Bank

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

The manufacturing sector in Australia continued to contract in April, and at a faster rate, the latest survey from Judo Bank revealed on Monday with a 35-month low manufacturing PMI score of 48.0.That's down from 49.1 in March and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.Demand for Australian manufactured goods fell further in April. New orders...

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