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Financial News: Australia's Manufacturing Growth Improves In August

Australia's Manufacturing Growth Improves In August

09/03/2018 - 02:39:00 (RTTNews)

(RTTNews) - Australia's manufacturing activity expanded at a faster pace in August, survey published by the Australian Industry Group showed Monday.

The Performance of Manufacturing Index climbed 4.7 points to 56.7 in August, indicating faster growth across the manufacturing sector. A reading above 50 indicates expansion.

The score has remained above neutral for 23 consecutive months - the longest run of recovery or expansion since 2005.

Ai Group chief executive Innes Willox said, the Australian PMI rebounded in August on the cusp of two years of uninterrupted expansion.

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