Australia- AIG Performance of Manufacturing Index (manufacturing PMI) for February
- A rise of 1.9 points
- Still in contraction (for 4 months in a row)
- production up (51.5)
- New orders steady (50),
- Manufacturing employment (47.4)
- Stocks (45.5)
- Supplier deliveries 44.9
- Export markets remain particularly tough for manufacturers with the sub-index falling below 30 points.
- A recent pickup in residential and commercial construction continues to support the non-metallic mineral products sub-sector which rose 7.3 points to 64.8.
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AUD market has bigger fish to fry today, with eyes on the newswires for developments in Ukraine and then to China for developments on the yuan and the HSBC China manufacturing PMI at 0145GMT
