ONLY CHARTS #174

Aus manufacturing, US yield curve & Fed easing, Aus aging population, NZ job ads, Global shipping costs

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1. Australian manufacturing firms reported that orders became less of a constraint on their output in Q3 (second consecutive decline).

Labour availability was cited as the most limiting factor on output by a slightly higher share of manufacturing firms - at 23% of firms, this remained well above historical norms.

2. Consequently, Aussie manufacturing businesses reported a modest increase in the difficulty finding suitable labour in Q3.