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Australia – Nov performance of manufacturing index
01/12/2015 03:20 pm MYT
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The Australian Performance of Manufacturing Index (APMI) rose by 2.3 percentage points (ppts) in Nov to 52.5%, pulling its three-month moving average up to 51.6% – see figure 1. This was the fifth consecutive month of expansion, the longest run of unbroken expansion since 2010.

With the exception of the inventories sub-index, all other activity sub-indexes reported above 50.0% readings – see table 1. This suggests some manufacures sold inventories to meet demand. Meanwhile, new orders index increased by 3.3 ppts in Nov.

Weak A$, better business confidence and stronger demand for suppliers in the housing construction sector were the main contributors to the expansion in the manufacturing sector. However, declining automotive production, engineering and government infrastructure projects continued to weigh down the manufacturing sector.

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As extreme and unpredictable weather conditions increase in frequency, the impact of climate change has become more apparent and will become even more so in future. Therefore, it is not surprising that in a recent international survey, over half of 16- to 25-year-olds reported feeling very or extremely worried about climate change. While it is easy to feel small before such a great challenge facing the earth, any positive action, no matter how small, by individuals collectively, can bring significant positive impact to our delicate environment. So, instead of feeling despair and doing nothing, everyone can contribute to improving the situation by doing small things like picking up the rubbish on our way to work, use recycle bags instead of plastic bags when shopping, not to let the tap water run while brushing our teeth, etc. Just start committing to small positive changes now and encourage others to do so.
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