Aussie manufacturing weaker in May


  • Business
  • Thursday, 03 Jun 2004

CANBERRA:Activity in Australia's manufacturing sector was weaker in May than a month earlier due to less demand and strong competition from imports, a survey showed on Tuesday.  

The Australian Industry Group-PricewaterhouseCoopers Australian Performance of Manufacturing Index (PMI) fell to 52.3 points from 58.4 in April. A reading above 50 indicates manufacturing is generally expanding.  

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