The Australian stock market might be having one of those down days but there was some good news this morning for the Australian economy. A monthly survey by the Beijing-based National Bureau of Statistics and the Chinese Federation of Logistics and Purchasing shows the nation’s economic recovery is strengthening, The Purchasing Managers’ Index rose to a seasonally adjusted 55.2, the highest level in 18 months. Figures above 50 on the index indicate a growing demand for manufactured goods.
