Germany’s private sector activity sees downturn in August
Market activity in Germany’s private sector slipped for the second consecutive month and at a faster rate, according to the S&P Global’s Flash purchasing...
Manufacturing slips into contraction as inflation pressures mount, S&P Global says
Australia’s manufacturing sector moved back into contraction in March, according to data from S&P Global, with the downturn driven by weaker demand and rising cost pressures linked in part to geopolitical tensions.
Australian industries see easing in supply chain pressures in August— Ai Group
Supply chain pressures continue to ease for Australia’s industrial sectors, with the Ai Group Industry Index posting an increase of 3.1 points in August to -11.6.Â
CSR Limited improves NPAT by 17% with strong business performance, manufacturing productivity
CSR Limited, a major Australian industrial company, has reported a net profit after tax (NPAT) of $225 million for the fiscal year ended 31 March 2023, up 17 per cent from $193 million the previous year.Â
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.Â
IperionX inks partnership with Aperam Recycling for 100% recycled titanium supply chain
IperionX has partnered with Aperam Recycling’s American entity, ELG Utica Alloys, to establish a low-carbon, 100-per cent recycled titanium supply chain.Â
VEEM reports record financial results for FY24: NPAT soars by 70% to $7M
VEEM, a prominent designer and manufacturer of high-technology marine propulsion and stabilisation systems, has announced record financial results for the year ending 30 June 2024.Â
J.P.Morgan PMI shows global manufacturing growth eased in June
Global manufacturing activity remained in expansion territory in June, although the pace of growth eased for a second consecutive month, according to the latest J.P.Morgan Global Manufacturing PMI.
Origin Energy invests $4 million in Allegro’s Redox Flow Battery development
Australian energy giant Origin Energy Power has purchased a 5 per cent equity stake in ReNu Energy’s investee company, Allegro Energy, for a total of $4 million.Â
Quickstep inks deal with TB2 for UAV development work
Aerospace composite manufacturer Quickstep has signed a contract with unmanned aerial vehicle (UAV) developer TB2 to provide engineering and structural integration services for the incorporation of the TB2 Pod Interface system into customer aircraft.Â
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What spending reveals about downstream consumer demand for manufactured goods
For manufacturers supplying consumer-facing markets, understanding demand conditions has become increasingly important in an environment shaped by cautious spending, rising costs and intense competition.
