Australia’s 4.6% decline in labour productivity driven by pandemic, low unemployment rate
The Productivity Commission’s 2023 Bulletin has revealed that the 4.6 per cent fall in labour productivity for the 12 months to March 2023 is brought about by the unwinding of COVID-19-related effects and historically low unemployment rate.
Australia’s annual wage growth hits record high
The Australian Bureau of Statistics’ (ABS) reported Wage Price Index (WPI) for the December quarter showed an increase in wages of 3.3 per cent yearly and 0.8 per cent from the September quarter.
Australian dairy expects another favourable season with firm milk prices, says Rabobank
Australian dairy manufacturers can look forward to another favourable season in 2023/24, with the industry set for its fourth consecutive profitable year, according to Rabobank's recently released annual Australian Dairy Seasonal Outlook.
DroneShield completes drone system integration with Epirus’ C-UAS system
DroneShield has successfully integrated its multi-sensor DroneSentry system with Epirus’ Leonidas high-power microwave counter-electronics/counter-UAS effectors.
EOS seeks green light as Ukraine weapons systems provider
ASX-listed defence and space company Electro Optic Systems is engaged in active contract negotiations on the prospective supply of a significant number of Remote Weapons Systems (RWS) and related components and spares for Ukraine.
Novonix unveils results of Hatch’s engineering study on proprietary zero-waste cathode synthesis process
Novonix, an ASX-listed manufacturer of battery materials and technology, has announced the results of the Hatch engineering report on its proprietary cathode synthesis process.
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.
5E Advanced Materials kickstarts mining operations at 5E Boron Americas Complex
ASX-listed boron and lithium company 5E Advanced Materials has officially begun mining operations at its 5E Boron Americans Complex with the start of the wellfield injection process.
BlueScope sees net profit falls in FY2023; announces Port Kembla furnace relining and upgrade
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.
Austin Engineering announces financial report for FY2022
ASX-listed global engineering firm Austin Engineering has reported a 525 per cent growth in net profit after tax (NPAT) in its 2022 financial report.
Austin...
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Modular switchgear built for faster, verified panel builds
As switchboard builders face tighter programmes and increasing scrutiny around compliance, the way enclosure, busbar and separation concepts work together has a direct impact on build time and verification effort.
