Australia Manufacturing PMI Climbs To 56.0 In December - Markit
The manufacturing sector in Australia continued to expand in December, and at a faster pace, the latest survey from Markit Economics showed on Wednesday with a five-month high manufacturing PMI score of 56.0.
That's up from 55.8 and it moves further above the boom-or-but line of 50 that separates expansion from contraction.
Individually, new order growth hit a 25-month high and employment expanded at the fastest rate in just under three years. On the price front, there were stronger increases in both purchasing costs and factory gate charges.
The report also showed that the services PMI rose from 55.1 to 57.4 and the composite climbed from 54.9 to 57.0 - both also five-month highs.
Economic News
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.