MP3: Economic sore spots still raw

02.06.2013

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Economic sore spots still raw MP3

There's more evidence today of weakness in the Australian economy with the manufacturing sector contracting for the 23rd month in May. Economists though say the Reserve Bank will likely wait until later in the year to lower interest rates again. Meanwhile Fair Work Australia has ruled that the minimum wage will rise this year by 2.6 per cent to $15.80 per week. Source: abc.net.au

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