Australian PMI contraction eased last month

Note: This section contains information in English only.
Source: Forexfactory
Australian manufacturing sector continued to shrink last month; however, the pace of contraction slowed, reported Australian Industry Group. The country's PMI added 4.8 points on a seasonally adjusted basis in June to approach 47.2. The survey also indicated that manufacturers are the most concerned about appreciating Australian Dollar, tough competition and the start of carbon tax.


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