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Australian PMI contracts to 44.7 in 2022’s final result

Australia’s Performance of Manufacturing Index (PMI) slipped further into contraction territory in November following three months of flat conditions. 
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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.