Australia – Nov Performance of Manufacturing Index
02/12/2019 10:55 am MYT
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The Australian Performance of Manufacturing Index (APMI) declined 3.5 percentage points (ppts) to 48.1% in Nov, indicating a faster contraction in the month – see table 1. Meanwhile, the three-month moving average decreased to 51.5% – see figure 1.

All of the seven activity sub-indexes were below 50.0% in Nov, except for the inventories sub-index. The faster rate of contraction of the new order index indicates a weak Christmas period. Meanwhile, the employment sub-index declined to 47.3%, suggesting contracting manufacturing employment.

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Note from Publisher
After occupying the front pages of the world’s media for about four months, the Covid-19 pandemic has finally handed the spotlight over to the eruption of nationwide riots in the US this week. The scenes of civilian protests turning into flimsy grounds for explicitly racist state violence are a sobering reminder that the US is no land of the free and equal, especially if you are black or a coloured minority. However, British, Canadians, Australians and Europeans too quick to put themselves on a pedestal must remember the anti-blackness endemic in their own societies, and understand that their own law enforcement agencies also manifests this prejudice with violence and impunity. It is not just the white Americans who need to change.
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