The Australian Economic Story Keeps Getting Better
Nov 1, 2013, 05:01 IST
Australia October manufacturing PMI jumped to 53.2 in October from 51.7 in September.
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Any reading above 50 signals growth.
The production sub-index surged to 54.5 from 49.9.
The troubled exports index improved to 34.1 from 31.4.
The mining-driven economy has been struggling to shake off the slow down in the emerging markets.
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Policymakers have been fighting recessionary forces with aggressive monetary policy, which appears to be working.
More details to come...