date:Jul 06, 2012
o the high dollar, domestic and global uncertainties, the slump in residential and commercial construction and concerns over the impacts of the carbon tax weighed on the sector.
PwC Partner Economics and Policy, Jeremy Thorpe, said, The competitive squeeze in manufacturing continued in June thanks to the competing pressures of falling sales prices and continued wages growth.
Mr Thorpe commented that the further slowing of the Chinese economy had negative implications for the Australian natural