The decimation of Australian manufacturing

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The latest quarterly data from the Australian Bureau of Statistics (ABS) has revealed in all its hideous glory the decimation of Australia’s manufacturing sector.

First, last week’s September quarter national accounts revealed that real manufacturing output has declined for 11 years, and is now tracking at the lowest level since 1999 – a 20-year low:

https://www.macrobusiness.com.au/wp-content/uploads/2019/12/Real-manufacturing-output.png

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