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AUSTRALIA'S MANUFACTURING SECTOR CONTINUES TO STRUGGLE.
SYDNEY, June 2 Asia Pulse - Australia's manufacturing sector continues to struggle with high interest rates and an uncertain global outlook, a survey says.
The Australian Industry Group-PricewaterhouseCoopers Australian Performance of Manufacturing Index (PMI) fell 1.5 index points in May to 51.2 points.
Last month's fall more than erased April's slender 0.4 point increase.
The index is now only barely above the key 50 point level, which separates expansion from contraction.
Australian Industry Group chief executive Heather Ridout blamed increasing energy prices and a higher Australian dollar for the slowing manufacturing activity.
"The fact that these pressures have been sustained for a long ...
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