Australia's manufacturing sector registers 4th consecutive month of contraction

Australia's AIG Performance of Manufacturing index for the month of March rose by 0.9 points to 46.3, still a poor result as it represents a 4th consecutive month of contraction, providing further evidence of the slow down in the economy, and the more than likely necessity to stimulate growth via lower interest rates by the RBA, an outcome being priced in quite aggressively by the market.
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