date:May 07, 2013
decrease.
Significant contractions were recorded in food, beverage and tobacco products.
This is the lowest level the Australian PMI has recorded since May 2009 and the lowest export reading since the export sub index was added in 2004, said Innes Willox, Chief Executive of the AI Group.
The sharp drop in manufacturing production, employment and new orders in April, along with the continued erosion of exports, is deeply concerning. The strength of the Australian dollar is a major burden on do