Australia’s manufacturing contraction eases in April: Ai Group
Australia’s manufacturing sector (PMI) saw a softer contraction in April, rising by 3.7 points. However, upstream manufacturing remained under pressure as the chemicals sub-sector fell to -9.8, its lowest since January, impacted by global trade tensions and higher material costs. Broader industrial recovery remains fragile amid ongoing economic uncertainties.
Australia’s manufacturing sector (PMI) saw a softer contraction in April, rising by 3.7 points.
However, upstream manufacturing remained under pressure as the chemicals sub-sector fell to -9.8, its lowest since January, impacted by global trade tensions and higher material costs.
Broader industrial recovery remains fragile amid ongoing economic uncertainties.
