Markets: Manufacturing breaks with the ASX

A lower Australian dollar hasn't had time to ease the pressure on manufacturers. Now the stock market and the manufacturing index have gone in separate directions for the first time in years.

Since 2006, the Australian stock market has moved closely with the manufacturing index. Until the AiG manufacturing release today, the two indexes were close but the difference between the two has pushed out with them now clearly moving in opposite directions.

The last significant disparity between the two was late 2007 when manufacturing was having large fluctuations and the Australian market was at an all-time high, trading over 6800 points.


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