Despite predictions of a slow Christmas for retail, Australia's manufacturing sector is enjoying its 13th consecutive month of growth.
October marked the final, historic end of automotive assembly in Australia. This was reflected in lower results (and an absolute contraction) in the Australian PMI® in South Australia. However, outside of the automotive sub-sector, conditions appeared to be relatively buoyant, if a touch slower, for manufacturers in October. Positive sources of demand for Australian building materials, machinery and equipment include apartment and infrastructure construction; defence, mining & agricultural equipment; renewables and utilities projects." (Source: IndustrySearch)