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Australian Industry Group Performance Of Manufacturing Index for April 36.7 (vs. 44.4 prior)

Australian Industry Group Performance Of Manufacturing Index for April 36.7 (vs. 44.4 prior)

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Eamonn Sheridan
30/04/2013 | 23:30 GMT

Big fall (down 7.7 points) – AUD/USD getting marked down a little.

This increases the prospects of a near-term RBA rate cut, it is not indicative of a transition from the mining boom to other sectors of the economy (at least, not to manufacturing).

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