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Indebta > Investing > Contracting Australian Manufacturing Activity Points to Broader Slowdown
Investing

Contracting Australian Manufacturing Activity Points to Broader Slowdown

News Room
Last updated: 2023/05/02 at 3:12 PM
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By James Glynn

SYDNEY–Australia’s manufacturing sector contracted at a faster rate in April, providing further evidence that the economy is slowing more broadly, while also supporting the Reserve Bank of Australia’s decision in April to announce a pause in interest-rate increases.

The headline seasonally adjusted Judo Bank Australia Manufacturing…

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News Room May 2, 2023 May 2, 2023
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