FOREX TradingCharts.com

Financial News: Australia's Manufacturing Sector Growth Slows Slightly

Australia's Manufacturing Sector Growth Slows Slightly

08/31/2020 - 23:48:00 (RTTNews)

(RTTNews) - The recovery in the Australian manufacturing sector was sustained in August but the pace of growth slowed owing partially to the lockdown measures reimposed in Victoria, survey data from IHS Markit and Commonwealth Bank showed Tuesday.

The manufacturing Purchasing Managers' Index fell to 53.6 in August from 54.0 in July. The flash reading was 53.9. Nonetheless, a score above 50 indicates expansion.

Output and new orders both increased further, but at slower rates in August. At the same time, exports shrank for a seventh straight month. Some firms reported sales growth to New Zealand, China and the US.

Firms continued to step up their input purchases, albeit at a slower pace, data showed.

Supply chains remained under severe pressure, while job losses persisted amid efforts to control costs.

Survey data subsequently showed supply shortages and increased freight fees drove up input prices. However, greater competitive pressure limited the ability of firms to raise prices.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Suggests Rebound May Be Losing Stream (10 hr(s), 35 min(s), 20 sec(s) ago)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story»

U.S. Consumer Sentiment Improves Much More Than Expected In September (10 hr(s), 48 min(s), 20 sec(s) ago)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story»

Italy Current Account Surplus Rises For First Time Since April (11 hr(s), 17 min(s), 20 sec(s) ago)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story»

Croatia Jobless Rate Steady At 9% In August (11 hr(s), 48 min(s), 20 sec(s) ago)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story»

Poland's Industrial Output Rises Less Than Expected (12 hr(s), 38 min(s), 20 sec(s) ago)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story»

Russia's Central Bank Keeps Rate On Hold (14 hr(s), 01 min(s), 20 sec(s) ago)
(RTTNews) - Russia's central bank left its key interest rate unchanged at a record low as wide ...Full Story»

Italy's Industrial Orders Rise In July (15 hr(s), 13 min(s), 20 sec(s) ago)
(RTTNews) - Italy's industrial orders and turnover increased for the third consecutive month i ...Full Story»

Eurozone Current Account Surplus Falls In July (15 hr(s), 27 min(s), 20 sec(s) ago)
(RTTNews) - The euro area current account surplus declined in July due to a fall in primary income ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Suggests Rebound May Be Losing Stream

09/18/2020 - 10:27 AM (RTTNews)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story>>

U.S. Consumer Sentiment Improves Much More Than Expected In September

09/18/2020 - 10:14 AM (RTTNews)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story>>

Italy Current Account Surplus Rises For First Time Since April

09/18/2020 - 09:45 AM (RTTNews)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story>>

Croatia Jobless Rate Steady At 9% In August

09/18/2020 - 09:14 AM (RTTNews)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story>>

Poland's Industrial Output Rises Less Than Expected

09/18/2020 - 08:24 AM (RTTNews)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story>>

Do not sell my personal information

Copyright © 2020. 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.