date:May 07, 2013
The performance of the Australian manufacturing sector, including food and beverage manufacturing, worsened significantly in April 2013 amid weakening economic conditions, according to industry association the Australian Industry Group (AI Group).
The latest AI Group Australian Performance of Manufacturing Index (Australian PMI) recorded 36.7 in the month, down 7.7 points on March. Readings below 50 indicate a contraction in activity, with the distance from 50 indicative of the strength of the