Australian manufacturing weakness continues in March

Australia's manufacturing performance continued to weaken in March with production, exports and new orders falling further, according to a monthly survey released on Tuesday by the Australian Industry Group (Ai Group). 

The Ai Group performance of manufacturing index (PMI) fell 1.2 points in March to 44.4 points. 

The index has been below the 50 mark that separates expansion from contraction since February 2012.China 4x4 Accessories wholesalers 

The new orders sub-index fell to 39.4 points in March while the production sub-index dropped to 41.7 points. 

The survey found that wood and paper production was the only sub-sector that recorded expansion in March. 

Manufacturing exports fell to a record low of 27.4 points in the month.Gyratory crusher 

Australian Industry Group Chief Executive Innes Willox said the March result was disappointing after the encouraging signs of a pick-up in February.prepreg 

"The strong dollar, falling selling prices, further cost pressures and the weakness of commercial and residential construction continue to take their toll," he said in a statement. 

"The decline in export earnings is particularly worrying and reflects soft demand in a number of markets,Mobile crusher intense competition and, of course,Cone crusher the high dollar."