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. “Growth was distributed broadly across manufacturing with particular strength among producers of machinery and equipment and chemical products,” Willox said. “The building products sector saw a welcome return to growth on the back of strength in house building and renovations. The large food and beverage sector continued to expand while the metal products sector slipped lower in February,” Willox said. However, the main top concern for manufacturers is the uncertainty brought on by …
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