The Australian Economic Story Keeps Getting Better
Advertisement
Australia October manufacturing PMI jumped to 53.2 in October from 51.7 in September.
Advertisement
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.
Advertisement
Policymakers have been fighting recessionary forces with aggressive monetary policy, which appears to be working.
More details to come...
Advertisement
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Realme Narzo 70, Narzo 70X 5G smartphones launched in India starting at ₹11,999
- Indian housing sentiment index soars, Ahmedabad emerges as frontrunner
- 10 Best tourist places to visit in Ladakh in 2024
- Invest in disaster resilience today for safer tomorrow: PM Modi
- Apple Let Loose event scheduled for May 7 – New iPad models expected to be launched