Tag: Judo Bank Flash Australia Composite PMI Output Index
Australian private sector suffers first drop in new orders since March – Judo Bank
The Judo Bank Flash Australia Composite PMI Output Index posted below the 50.0 no-change mark in August, falling to 47.1 from 48.2 in July, as new orders dipped for the first time in five months.
Australian private sector sustains growth despite decline in manufacturing
Australia’s private sector has seen a continued expansion in May, posting above the 50.0 no-change mark for a second consecutive month amid sustained expansion in services activity as manufacturing output shrank for a sixth straight month.
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Building resilience as manufacturing requirements become more complex
The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.
