Australian manufacturers to face enduring cost crisis in 2023
The Australian manufacturing sector is set to see a downward trend in the upcoming months as high inflation, spiralling energy costs, and ongoing labour shortage drag the industry's economic outlook, according to the latest ACCI-Westpac Survey of Industrial Trends.
Eurozone manufacturing PMI slips in June demand, production decrease further
Conditions in the Eurozone manufacturing sector have seen a more intense downturn in June, as production contracts for the third month in a row, according to the latest HCOB PMI survey.
Digital twin platform developer Pointerra signs partnership to enter Middle East market
Australian AI technology company Pointerra Limited has signed a reseller agreement with digital systems integration company eSolutions to distribute the Pointerra 3D Digital Twin Platform in the Middle East Region.
Global manufacturing PMI remains in contractionary territory at end of 2023
The global manufacturing sector continued to see contractionary conditions in the last month of 2023 as intakes of new business shrunk further, driving production to decline for the seventh consecutive month.
European manufacturing slips to record lows in October
The eurozone’s manufacturing industry slipped further into contraction territory in October, declining to 46.4— the lowest level since May 2020.
Titomic expands Triton Systems partnership with new manufacturing purchase order
Metal additive manufacturing company Titomic has received a $260,000 purchase order from Triton Systems for the supply of components produced using Titomic’s additive manufacturing technology Titomic Kinetic Fusion (TKF).
Orbital UAV to complete UAV engine project for Singapore customer
Australian drone manufacturer Orbital UAV said it secured a $2 million contract with a major Singapore customer to continue and complete a multi-fuel unmanned aerial vehicle (UAV) engine program.
Eurozone’s composite output eases in December amid improved supply
Eurozone’s PMI Composite Output Index saw a significant increase for the second consecutive month, increasing from November’s 47.8 to a four-month high of 48.8.
Vocational apprenticeship completion rates drop in latest industry report
Completion rates for apprentices and trainees who began training in 2017 decreased to 55.7 per cent, a 1.2 per cent drop compared to the...
Manufacturing and mining turnover decline in July, according to the ABS
Australia’s manufacturing industry’s turnover significantly slipped by 3.8 per cent in July, breaking the continuous rises of the sector in the five months prior,...
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How a small pet food manufacturer supports a 5x increase in production capacity
For Advanced Pet Care of Australia, scaling into one of Australia’s top pet food manufacturers required more than new production capacity – it required better systems.
