Country Report Australia October 1996 Main report

Sectoral trends: Manufacturing output falls--

The real value of manufacturing production fell by 1.6% (seasonally adjusted) during the second quarter of 1996, reversing much of the previous quarter's gain. There were substantial falls in output in the food, beverages and tobacco, metal products and machinery sectors. The value of manufacturing output expanded only modestly during 1995/96 as a whole, rising by 0.9%.

--and services output increases only slightly

The services sector's real output rose by just 0.2% during the second quarter (seasonally adjusted). The only large gains were made in property and business services (3.3%) and communications (2.4%), while the construction industry and wholesale trade recorded substantial falls (1% and 1.5% respectively). Performance was essentially flat in most other services industries. The services sector expanded strongly during 1995/96 as a whole, with the real value of output rising by 4.3%.

© 1996 The Economist lntelligence Unit Ltd. All rights reserved
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