Manufacturing Reaches 12 Year High.

The Performance Manufacturing Index has shot up over 4 points to 58.1…the highest since 2004. This marks 9 consecutive months of growth fuelled by a lower Aussie dollar. Of the 8 manufacturing sectors measured by the Australian Industry Group 5 are improving. The most dramatic shift was machinery and equipment moving into growth for the first time since 2012. The non-manufacturing PMI is up to 53.8.