Australia PMI Manufacturing Falls to 49.6 as Demand and Output Weaken

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Australia’s PMI Manufacturing fell from 52.0 to 49.6 in September, slipping back below the 50.0 no-change mark and signalling the sharpest deterioration in manufacturing conditions for 21 months. The setback was led by a renewed decline in demand, with total new orders falling for the first time since June as respondents cited intense competition, rising […]The post Australia PMI Manufacturing Falls to 49.6 as Demand and Output Weaken appeared first on ActionForex.