Australia Manufacturing PMI Plummets In April – AiG

Trading 01 mai 2020 Donner votre avis

The manufacturing sector in Australia fell deep into contraction in April, the latest survey from the Australian Industry Group revealed on Friday with a manufacturing PMI score of 35.8.

That's down sharply from 53.7 in March and it moves well beneath the boom-or-bust line of 50 that separates expansion from contraction as it reflects the damage from the Covid-19 pandemic.

Australian manufacturing contracted at its worst pace since April 2009, marking the largest month-to-month fall in this index in the history of the series.

Manufacturers cited a range of Covid-19 issues in April, with the most prevalent including: no new sales due to shutdowns; major customers cancelling orders; supply chain problems with inter-state freight movements, and delays; and increased prices for raw materials.

The material has been provided by InstaForex Company -

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