THE WEEKEND ECONOMIST: Manufacturing rates relief

Despite a better second quarter, the latest Westpac-ACCI survey shows domestic demand is languishing and manufacturers would welcome a further reduction of the cash rate.

The Westpac–ACCI Survey of Industrial Trends, the longest running business survey in Australia, dating back to 1966, continues to provide a timely update on economic conditions and prospects. The Q2 survey reports a modest improvement on a weak Q1 but with conditions still soft across for the manufacturing sector and a challenging outlook.

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