Australia AiG Performance of Manufacturing Index rose 1.6 pts to 54.7 in September, suggesting faster growth across the sector. Employment and new orders accelerate, driven by continued strength in the ‘food & beverages’ sector along with a resurgence in ‘machinery & equipment’ manufacturing. Manufacturers servicing the mining and defence sectors reported buoyant conditions. Weakness remains in the ‘metals’ and ‘TCF, paper & printing’ sectors while the ‘building materials, wood, furniture & other’ manufacturing sector reported slower conditions.
