Manufacturing Continuing To Grow

Australia’s manufacturing sector has experienced its second straight month of growth according to the Australian Industry Group Performance of Manufacturing Index. Any result above 50 indicates expansion. In July it shot up from mid-forties to 50. Now it has risen further to 51.7 points in August. AIG said “It is positive for the economy overall which requires a broader base of growth as the mining investment boom continues to unwind.”

Source: Manufacturers Monthly