AUTOREFRESH 
Australian manufacturing Index up 7.4 points in May
By Sam Diakou || May 31, 2009 at 23:58 GMT
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Australian manufacturing activity bounced 7.4 points to an index reading of 37.5 in May from April’s record low. It still remains well below the 50 mark, which separates growth from contraction, but was the highest reading in seven months.
The index of production jumped 12.6 points in May to 41.4, while new orders climbed 12.7 points to 39.4.
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