Australia – AIG Performance of Manufacturing index for August: 47.3 (vs. 50.7 prior) via ForexLive

AIG Performance of Manufacturing index for August,

Back into negative territory this month
Index decreased by 3.4 points, to 47.3 points in August
Indicating a contraction in conditions across the manufacturing sector
3-month moving average also moved lower in August, to 48.9 points
“Many respondents expressed ongoing concern about the persistent strength of the Australian dollar
Manufacturers remain cautious about the outlook and continue to focus on reining in their costs, as they battle very weak trading conditions across most sub-sectors”
Among the eight manufacturing sub-sectors only the large food and beverages (53.8 points) and the smaller wood and paper products (66.3 points) sub-sectors expanded in August
All other sub-sectors contracted (readings below 50 points)
All of the five activity sub-indexes, as well as the sales sub-index, were below 50 points in August,
Manufacturing exports improved in August … However, this month's expansion in exports was limited to the food, beverages and tobacco sub-sector and a handful of businesses in other sub-sectors