FOREX TradingCharts.com

Financial News: Australia Manufacturing Sector Slips Into Contraction - Ai

Australia Manufacturing Sector Slips Into Contraction - AiG

12/01/2019 - 17:55:00 (RTTNews)

(RTTNews) - The manufacturing sector in Australia fell into contraction in November, the latest survey from the Australian Industry Group revealed on Monday with a seasonally adjusted Performance of Manufacturing Index Score of 48.1.

That's down from 51.6 in October and it slides beneath the boom-or-bust line of 50 that separates expansion from contraction. It also represents a three-year low for the index.

Individually, the faster rate of contraction of the new orders index in November suggests a weak Christmas period ahead for Australian manufacturers. However, some manufacturing sectors are reporting better conditions than others, with manufacturers in the large food and beverage sector continuing to report buoyant conditions.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Lowers Budget Surplus Forecast (01 hr(s), 11 min(s), 41 sec(s) ago)
(RTTNews) - Australia's government downgraded its budget surplus forecast for the current year ...Full Story»

Japan Tertiary Activity Falls In October (01 hr(s), 31 min(s), 41 sec(s) ago)
(RTTNews) - Japan's tertiary industry activity declined at a faster-than-expected rate in Octo ...Full Story»

UK House Prices To Rise 2% In 2020: Rightmove (37 min(s), 19 sec(s) ago)
(RTTNews) - UK house prices are forecast to climb 2 percent next year with strong performance in n ...Full Story»

European Economics Preview: Eurozone Flash PMI Data Due (11 min(s), 19 sec(s) ago)
(RTTNews) - Flash Purchasing managers' survey data from euro area is due on Monday, headlining ...Full Story»

China Industrial Production, Retail Sales Growth Tops Expectations (48 min(s), 19 sec(s) ago)
(RTTNews) - China industrial production and retail sales expanded at the fastest pace in five mont ...Full Story»

China Industrial Production Jumps 6.2% On Year (19 min(s), 19 sec(s) ago)
(RTTNews) - Industrial production in China was up 6.2 percent on year in November, the National Bu ...Full Story»

Japan Manufacturing PMI Slips To 48.8 - Nikkei (49 min(s), 19 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to contract in December, and at a slightly ...Full Story»

China Data On Tap For Monday (34 min(s), 19 sec(s) ago)
(RTTNews) - China will release a raft of data on Monday, setting the pace for a busy day in Asia-P ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Lowers Budget Surplus Forecast

12/16/2019 - 01:45 AM (RTTNews)
(RTTNews) - Australia's government downgraded its budget surplus forecast for the current year ...Full Story>>

Japan Tertiary Activity Falls In October

12/16/2019 - 01:25 AM (RTTNews)
(RTTNews) - Japan's tertiary industry activity declined at a faster-than-expected rate in Octo ...Full Story>>

UK House Prices To Rise 2% In 2020: Rightmove

12/15/2019 - 23:34 PM (RTTNews)
(RTTNews) - UK house prices are forecast to climb 2 percent next year with strong performance in n ...Full Story>>

European Economics Preview: Eurozone Flash PMI Data Due

12/15/2019 - 23:08 PM (RTTNews)
(RTTNews) - Flash Purchasing managers' survey data from euro area is due on Monday, headlining ...Full Story>>

China Industrial Production, Retail Sales Growth Tops Expectations

12/15/2019 - 22:45 PM (RTTNews)
(RTTNews) - China industrial production and retail sales expanded at the fastest pace in five mont ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.