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The program comes after Australia's economy expanded at its weakest rate in eight years in the third quarter.
While output growth improved slightly last month, growth in new orders tailed off to the weakest rate seen this year.
China's growth slowed to 6 per cent in the third quarter, the weakest rate since the global financial crisis.
A majority of firms reported falling orders for the first time since April 2013 while output growth slowed to its weakest rate in almost three years.
Separate PMI reports by Markit from the eurozone suggested private sector growth there decelerated to its weakest rate in 13 months, dragged back by France.
For any other country, an annual growth rate of 6.8% would be exceptional: for China it was the weakest rate of expansion in 25 years.
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Housebuilding and commercial construction both grew at the weakest rates in about three years.
Among the major ethnic groups, Hispanics appear to have the weakest rates for going to college and actually attaining a degree once there.
"This one brings the competition to a new level," said Philip A. Baggaley, the airline industry analyst with Standard & Poor's, which downgraded US Airways last week, giving it the weakest rating of any major carrier.
However, production increased more slowly than in July, and factories added jobs at a weaker rate.
Some Fed officials suggested recently that the weak rate of growth required new action.
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