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Australia Manufacturing Expansion Slows - AIG

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Manufacturing activity in Australia continued to expand in November, but at a slightly slower pace than in October.

The Performance of Manufacturing Index compiled by the Australian Industry Group and PricewaterhouseCoopers and released Tuesday registered a November reading of 51.2, down 0.5 point from October.

Readings above 50.0 indicate expansion of activity in the measured sector.

AIG CEO Heather Ridout said, in a statement, that the data shows "manufacturers remain cautious."

The Manufacturing sector's employment sub-index was up 1.0 point to 54.0 while new orders fell 5.8 points to 51.9.

(Market News Provided by RTTNews)

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