Australian Manufacturing Sees Highest Monthly Uptick Since March 2018 After Virus Restrictions Lifted

Australian Manufacturing Sees Highest Monthly Uptick Since March 2018 After Virus Restrictions Lifted
Apprentice ship builders walk at Osborne Naval Shipyard during a visit by Australian Prime Minister Scott Morrison in Adelaide, Australia on Sept. 26, 2020. Kelly Barnes/Getty Images
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Australian manufacturing has seen its highest monthly uptick since March 2018, with the Australian Industry Group’s manufacturing performance index (Australian PMI)  increasing by 3.5 points to 58.8 in February following the lift of the CCP virus lockdowns across the board in the country. But the pandemic remains the industry’s top concern.

Ai Group Chief Executive Innes Willox said the uptick of production and employment indices was driven by increased sales, which had lost ground amid the pandemic last year.

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