Market News

Australia's manufacturing sector continued to experience a slight deterioration in operating conditions during May, according to the latest Purchasing Manager’s Index (PMI) data from Judo Bank.

Aerospace and composites manufacturing giant Quickstep Holdings has generated total revenue of $45.4 million for the first half of fiscal year 2023, which ended 31 December 2022.

Gallium nitride (GaN) laser diodes produced by BluGlass at its Silicon Valley feasibility are now achieving or exceeding manufacturer performance benchmarks, the company said in an ASX announcement. 

The market for high-performance plastics used in 3D printing is expected to expand significantly between 2023 and 2029, with a compound annual growth rate (CAGR) of 8.45 per cent, reaching a value of USD 184.5 million by that year, according to market research firm BlueWeave Consulting.

ASX-listed semiconductor developer Weebit Nano Limited has collected nearly $15 million in an upsized and scaled-back share purchase plan (SPP) for existing shareholders. 

Australian pharmaceutical manufacturing company Mayne Pharma has completed the sale of its US retail generics portfolio to Dr. Reddy’s Laboratories for approximately $134 million. 

K-TIG Limited has received a $600,000 supply and onsite commissioning order from Brewery Chemical & Dairy Engineering for the development of a Linear Precision Grow Line Circumferential Welding System

BlueScope has made a $1.15 billion investment in the relining and upgrade of the No.6 Blast Furnace (6BF) Port Kembla Steelworks and announced a dip in profit in fiscal year 2023. 

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. 

Global manufacturing conditions ended 2025 on a subdued footing, with growth remaining modest as output expanded slightly while new orders and employment were broadly unchanged, according to the December JP Morgan Global Manufacturing PMI report.