Australian Industry Index contracts in November, lowest reading since June 2020 ...Middle East

The data is for November, not October. This data from AiG used to be a focus but the S&P Global PMIs are now more closely watched. Key points from the report:The Ai Group Australian Industry Index sank deeper into contraction in November on the back of falling demand and activity. The activity/sales, new orders and input volumes indicators all materially fell in the month. Employment increased marginally. November is the lowest Aii reading since June 2020. On a trend basis, all four activity indicators point to contractionary conditions. Upstream manufacturers showed improvement, but consumer facing industries (food and construction) posted large declines. November saw a modest increase in i

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