Australia AiG PMI rose to 41.6, but exports dropped to record low

<p>Australian AiG Performance of Manufacturing Index rose to 41.6 in May, up from 35.8. The manufacturing sector still contracted in the month, but at a slow pace. Production improved by 7.1pts to 42.4. Employment rose 6.4 pts to 40.7. New orders rose just 2.4 to 35.1. However, exports index dropped -11.5 pts to 31.1, hitting […]</p>
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