The Australian Economic Story Keeps Getting Better


Australia October manufacturing PMI jumped to 53.2 in October from 51.7 in September.


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.


Policymakers have been fighting recessionary forces with aggressive monetary policy, which appears to be working.

More details to come...