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Australia – Aug performance of manufacturing index
01/09/2015 03:11 pm MYT
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The Australian Performance of Manufacturing Index (APMI) increased by 1.3 percentage points (ppts) in Aug to 51.7%, while its three-month moving average edged down to 48.8% – see figure 1.

The expansion in manufacturing activities accelerated in Aug with four of the seven activity sub-indexes registering above 50% readings – see table 1. New orders and employment expanded in Aug. However, manufacturing exports reported much a lower reading in Aug despite a weaker Australian dollar.

The rise in Aug’s APMI was due mainly to stronger local demand flowing through from increased residential building activity and continued strength in food and beverages demand. However, the progressive closure of local automotive assembly, further declines in mining investment, and falls in other investments in machinery & equipment were the main factors dragging down local demand.

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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
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