PwC Australian Performance of Manufacturing Index Shows Contraction Easing in June, reports

Share Article

Ongoing concern about the strong Australian dollar expressed

Big4 Logo

Big4, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports that according to the latest Australian Industry Group – PwC Australian Performance of Manufacturing Index (Australian PMI), manufacturing activity continued to contract in June although the trend eased somewhat. reports that while four sub-sectors expanding in June were: clothing & footwear, paper, printing & publishing, transport equipment, and machinery & equipment, eight sub-sectors contracted in the same time period.
Australian Industry Group Chief Executive, Innes Willox presented some explanations:
"The contraction afflicting manufacturing extended into its fourth month in June as the high dollar, domestic and global uncertainties, the slump in residential and commercial construction and concerns over the impacts of the carbon tax weighed on the sector,” he said. also reports the seasonally adjusted Australian PMI® was 4.8 points stronger at 47.2 in June with readings below 50 indicating a contraction in activity with the distance from 50 indicative of the strength of the decrease.

About is the accounting, tax, consulting and IT professions’ premier resource, and has been exclusively focused on Big Four firm professionals and alumni for 10 years, providing high quality content, connectivity and commerce. The Big Four Job Board offers fresh job opportunities – clients include the world’s leading companies. Big Four News covers key news, developments, events, survey results, press releases and appointments. The Big Four Blog provides opinion and insight on recent and key developments, news, happenings, management changes, regulations, acquisitions and capital market activities. Big4 Video is a professionally produced news covering key global developments in this space. has a strong presence on key social media platforms:
Youtube: Big4Video is a professionally produced weekly news magazine.
Twitter: has 9,000 followers.
LinkedIn: The Big Four Alumni and Professionals group is the largest corporate and alumni group with 85,000+ members.
Facebook: The Big4 fan page has 5,500 fans at
Xing: The Big Four Alumni and Professionals group has 1,450+ members.



  •     Kristy Short
(734) 481-0186

Share article on socal media or email:

View article via:

Pdf Print

Contact Author

Kristy Short
(734) 481-0186
Email >
Visit website