India, July 23 -- The manufacturing sector in Australia continued to expand in July, and at a slightly faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 51.7.
That's up from 51.5 and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Greater workloads led to a rise in backlogged orders for the first time in five months, albeit one that was only slight in nature. This pressure on capacity encouraged greater hiring activity across the economy, with job creation at its strongest since April and back above trend. Jobs were added across both the services and manufacturing sectors.
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