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AUSTRALIAN MANUFACTURING ACTIVITY GROWS IN NOVEMBER.
SYDNEY, Dec 3 Asia Pulse - Manufacturing activity in Australia grew moderately in November, a survey shows.
But a stronger Australian dollar, skills shortages and competition from China were still seen as negative factors affecting business.
The Australian Industry Group - PricewaterhouseCoopers Australian Performance of Manufacturing Index (Australian PMI) rose by 0.5 points to 53.8 in November.
The number was above the 50 level which separates an expansion from a contraction, with manufacturing activity experiencing its 18th consecutive month of growth.
Activity expanded in six sectors in November, down from nine in October.
Wages growth was moderate while capacity use rose slightly.
Australian Industry Group chief executive Heather Ridout said the rise in the Australian PMI during November continued the modest growth path for manufacturing over the ...
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Source: HighBeam Research, AUSTRALIAN MANUFACTURING ACTIVITY GROWS IN NOVEMBER.