As we mentioned in our most recent in August, some parts of Australia's manufacturing sector are performing strongly and seeing their exports increase. This upswing is most evident in scientific instruments and in medicinal and pharmaceutical products (Graph 8). In some cases this is driven by a small number of Australian firms, so you could argue that these are lumps not waves.
But once markets open up to one player, they generally stay open. This is another development that we have factored into our forecasts, and again we have to grapple with the question of how long it will go on.