- Fell 5.4 points from October to record 47.7 in November
- Back in contraction after two consecutive months of expansion
- Sub-inidces of production, new orders and supplier deliveries all in contraction
- Comments from survey participants indicate that “the mild lift in local new orders that was apparent immediately after the September federal election is already drying up, as mining, government, maintenance and R&D spending slows.”
AUD/USD is off just slightly, after opening this morning higher in response to better than expected manufacutring PMI data released in China over the weekend (China November Manufacturing PMI 51.4 (vs. 51.1 expected))
