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Performance of Manufacturing Index – November 2013

December 05, 2013
by damian
ai group, pmi, pmi november, pwc
Comments are off

The November 2013 Performance of Manufacturing Index figures have been released by the Australian Industry Group and Price Waterhouse Coopers, with a return of 47.7 being recorded.  This represents a 5.4 point reduction from October, and brings a two month expansionary period to an end.pmi november

Of particular concern are the sharp drops recorded in both production and new orders (-8.4 and -6.9), whilst there is no real pattern to be gleaned from examining manufacturing sub-sectors individually.

Input costs vs. selling prices remains a major issue, with the gap still increasing and continuing the profit squeeze faced by all manufacturers.

From a power transmission industry perspective, we have seen first-hand that the food and beverage sector remains buoyant, which is reflected in the PMI result (65.6).  Our orders from food and beverage producers have been strong for a long period, suggesting that this sector will continue to thrive – even in the current conditions, which have obviously softened since the federal election.

For a full breakdown of the PMI information for November, click here… pmi_nov13

 

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