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Australia manufacturing sector manages to get back into expansion

AUDUSD News by Newsroom on 19:28 Octuber 31, 2016 EST
The manufacturing sector in Australia turned back into expansion in October according to the latest survey from the Australian Industry Group released on Tuesday as the Performance of Manufacturing Index hit 50.9 up from 49.8 in September.

The indicator declined to 46.9 in August, the lowest in more than two years and remained below 50 in September.

Sales, new orders and exports expanded, while production and employment shrank.