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Financial News: Australia Manufacturing Sector Picks Up Steam

Australia Manufacturing Sector Picks Up Steam

01/31/2018 - 18:45:00 (RTTNews)

(RTTNews) - The manufacturing sector in Australia continued to expand in January, and at a faster rate, the latest survey from the Australian Industry Group showed on Thursday with a Performance of Manufacturing Index score of 58.7.

That's up from 56.2 in December, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

It also marks the 16th straight month of expansion, which is the longest winning streak in 13 years.

All seven sub-indexes expanded, including production, deliveries, new orders, stocks, sales, employment and exports.

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