Lower $A gives manufacturing a boost
MANUFACTURING activity is rising at a faster pace as the falling Australian dollar helps local producers compete against imports.
THE falling Australian dollar is giving the manufacturing sector a boost, with activity rising for a third straight month.
THE Australian Industry Group's Performance of Manufacturing Index (PMI) rose 0.4 points to 52.1 in September, indicating activity in the sector is increasing at a faster pace.
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ASX falls during Friday’s trading
A share sell-off in the banking and consumer staples sectors saw the Australian market trade heavily in the red on Friday.
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