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Financial News: Australia Manufacturing PMI Spikes In November - AiG

Australia Manufacturing PMI Spikes In November - AiG

11/30/2017 - 20:53:00 (RTTNews)

(RTTNews) - The manufacturing sector in Australia continued to expand in November, and at an accelerated rate, the latest survey from the Australian Industry Group showed on Friday with a PMI score of 57.3.

That's up sharply from 51.1 in October, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

It also marks the 14th straight month of expansion.

Individually, new orders, exports, deliveries, production, sales, employment and stocks all expanded.

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