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Australian manufacturing activity shows signs of stabilisation in October PMI – Judo Bank

Australia’s manufacturing sector showed signs of a slower contraction in October, with the Judo Bank Australia Manufacturing Purchasing Manager’s Index (PMI) posting 47.3, up from 46.7 in September. 
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Responding to manufacturing demand and performance signals

Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.