Activity in the Australian manufacturing sector has risen for the fifth straight month, as the weaker Australian dollar makes locally made goods more competitive with imports.
The Australian Industry Group's Performance of Manufacturing Index (PMI) rose 2.3 points to 52.5 in November, indicating activity in the sector is increasing at a faster pace.
"The more positive conditions are due to the more competitive level of the Australian dollar, the considerable cost savings and other efficiencies that manufacturers have introduced over recent years, and continuing strong demand from residential construction," Ai Group chief executive Innes Willox said.
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