Australian PMI indicated slower expansion in February

Source: Forexfactory
Australia's PMI expanded by 0.3 slower in February as compared to the preceding month, reported Australian Industry Group. The PMI attained 51.3 last month, being mostly led by growth in new orders, essential expansion in transport equipment, footwear and closing sectors. The manufacturers attributed slower expansion of the PMI to weaker demand, import competition, carbon taxes and stronger Australian Dollar.


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