Australia AiG manufacturing dropped to 35.8 as unusual surge for manufactured food and groceries subsided

<p>Australia AiG Performance of Manufacturing Index dropped sharply by -17.9 pts to 35.8 in April. That’s the largest monthly decline on record, and suggests that manufacturing contracted at its worst pace since April 2009. The sharp positive spike in March was more than reversed “as the unusual surge in demand for manufactured food and groceries […]</p>
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