Australia's May Manufacturing PMI falls to a 9-month low of 42.4 from 43.9 previously....

|By:, SA News Editor
Australia's May Manufacturing PMI falls to a 9-month low of 42.4 from 43.9 previously. Production declined to 38.7 from 43.9, New Orders to 40.6 from 42.0. Input prices rose to 64.1 while selling prices declined to 41.4, indicating a further profit squeeze on manufacturers. Sydney -0.4%, the aussie -0.3% to $0.9708.