MARKET CONDITIONS
The commodity boom experienced by the mining sector has flowed downstream to the manufacturing sector with price increases in metals and petroleum a feature. Increases in the price of alumina, gold and nickel contributed to increases of $15.7b (or 34%) in sales and service income and $4.0b (or 35%) in IVA in Primary metal and metal product manufacturing. Rising oil prices impacted strongly in petroleum and coal product manufacturing which experienced an increase of $6.1b (or 20%) in sales and service income, although both IVA and EBITDA experienced declines.
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