Australian Footwear Market Continues To Slump
According to the latest survey, Australian dollar is high.
cheap
Impact of imports, Australian manufacturing continued in October
Sluggish
But the contraction has narrowed.
Australian Industrial Group / PWC (Australian Industry Group/PriceWaterhouseCoopers) Australia manufacturing performance
index
(Australian Performance of Manufacturing Index, PMI) rose 5.1 points to 47.4 points in October.
The index below 50 indicates a contraction in manufacturing activity.
Of all manufacturing sub sectors, the clothing industry, footwear industry and construction related industries.
shrink
The greatest degree.
The manufacturing activities of 8 departments in 12 sub sectors do not go backward.
Heather Ridout, chief executive of Ai Group, said no signs of rapid recovery were seen in the manufacturing sector.
Ridout said in a statement released on Tuesday, "although the slowdown in manufacturing activity has slowed down in October, the whole industry is still in negative growth.
The lack of new orders means that signs of large-scale and rapid recovery have not yet appeared.
The new order classification index rose 2.3 points to 46.9 points in October.
Graeme Billings, head of PWC global industrial manufacturing, said high Australian currencies and cheap imports continue to weigh on Australian manufacturers.
He said, "the relief of manufacturing shrinkage in October is gratifying, but the whole manufacturing industry will continue to face a severe business environment.
Manufacturers must constantly improve productivity to improve.
Competitive power
This is a decisive factor in the manufacturing sector's desire to achieve enormous economic prospects.
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