Australia data: AIG Manufacturing PMI for November: 52.5(prior 50.2)
AIG Performance of Manufacturing index for November
Up to 52.5
- prior was 50.2, which was the 4th consecutive expansion
Via AiG, their key findings (in brief):
- 5th consecutive month of net expansion .... longest unbroken run of expansion since 2010.
- Five of the eight manufacturing sub-sectors expanded in November, up from four in October
- Positive trends identified by manufacturers in November included: the low dollar supporting exports and local orders; better local confidence; and stronger demand for suppliers to the housing construction sector. These positives were offset for others by declining automotive production, engineering projects and Government infrastructure projects.