The manufacturing sector in Australia continued to expand in November and at a faster pace, the latest survey from the Australian Industry Group showed on Tuesday with an index score of 52.5.
That’s up from 50.2 in October, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
The index has been above 50 for five straight months and in six of the last seven.
Among the individual components, sales, exports, deliveries, employment, new orders and production all expanded.
The material has been provided by InstaForex Company – www.instaforex.com