Month’s manufacturing boost

CANBERRA – Manufacturing picked up solidly in December but export growth remains weak, the Australian Industry Group says.

The Ai Group PricewaterhouseCoopers Australian Performance of Manufacturing Index rose 3.8 points to 57.6, remaining above the key 50.0 level separating expansion from contraction. Ai Group chief executive Heather Ridout said this remarkably resilient performance from the manufacturing sector had occurred on the back of the strong domestic economy.

“The ongoing competitive pressures that manufacturers are facing and the increasing uncertainties globally, especially the US economy, puts a premium on economic policies that improve the ability of manufacturers to raise productivity and compete,” she said.

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