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Australian manufacturing activity shows signs of stabilisation in October PMI – Judo Bank

Australia’s manufacturing sector showed signs of a slower contraction in October, with the Judo Bank Australia Manufacturing Purchasing Manager’s Index (PMI) posting 47.3, up from 46.7 in September. 
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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.