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SYDNEY, Dec 1 Asia Pulse - Australian manufacturing activity was strengthened in November by a number of new orders, according to an industry survey.
The latest Australian Industry Group (AIG)/PricewaterhouseCoopers (PwC) Australian Performance of Manufacturing Index was a solid 57.3 points in November.
A rise in new orders was continuing to flow through to manufacturing, with orders up almost 13 points, or 27 per cent, since August, the index showed.
Almost all sectors (11 out of 12) reported a rise in new orders, with seven reporting a strengthening on the previous month.
The clothing and footwear, chemicals, petroleum and coal products, and construction material products sectors reported the largest improvements.
The result pointed towards annual growth in the non-farm economy of close to 4.0 per cent for the December quarter 2003, it showed.
AIG chief executive Bob Herbert said the strengthening in orders since August 2003 was likely to ensure the manufacturing sector ended the year on a solid ...