Australian Manufacturing PMI for February stays in contraction at 47.8 (prior 50.1) ...Middle East

From the report, in brief:While the Manufacturing PMI points to an ongoing slowdown in the sector, it should be noted that manufacturing activity indexes remain well above levels historically associated with a recession for the industry or the broader economy.New orders and employment were also softer in Februarydemand for labour has moved into contractionary territory over the last four months and remains near the recent low pointthe supply of labour due to surging net inward migration may have taken some pressure off labour shortages, the weakness in the manufacturing employment index is consistent with the demand for manufacturing sector labour weakening over the past six monthsThere is e

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Australian Manufacturing PMI for February stays in contraction at 47.8 (prior 50.1) ...Middle East

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