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.
Orbital UAV to raise $4M to boost engine development programs
Orbital UAV is raising $4 million through the issue of approximately 28.6 million new fully paid ordinary shares at an issue price of $0.14 per new share to support its existing engine development programs.
Australian craft brewers ramp up production but are held back by unplanned downtime
Media Release by OFS
Research from OFS shows a 7.6% surge in craft beer production from April to June compared with the previous three...
Graphene Manufacturing to raise $5 million in ‘bought deal’
Graphen Manufacturing Group (GMG) has agreed to sell 1,819,000 units of its shares in a $5 million “bought deal.”
XTEK expects record revenue of $88m in upgraded FY23 forecast
Defence industry company XTEK has updated its FY23 results guidance, anticipating record revenues for FY23 of between $86 million to $88 million up by circa 50 per cent compared to the previous recorded revenue of $58.2 million.
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.
CSR announces $100 million on-market repurchase plan
CSR is buying back up to $100 million in shares on-market, as the company positions itself to invest in both long-term growth strategy and...
ACTU calls for 7% pay rise for lowest-paid workers to keep up with inflation
The Australian Council of Trade Unions (ACTU) is calling for a seven per cent pay rise for workers, which would lift the minimum hourly rate to $22.88 and the minimum annual full-time rate by $2966 to take it to $45,337.28.
JP Morgan: Global manufacturing shows resilience despite weak trade, job growth
The global manufacturing sector saw continued but modest expansion in October, with output and new orders both rising for the third consecutive month, according to the latest JP Morgan Global Manufacturing PMI released in collaboration with S&P Global Market Intelligence, ISM, and IFPSM.
Bosch hits 2022 targets, secures growth opportunities
German engineering company Bosch said it was able to boost sales and performance in the fiscal year 2022 “despite the challenging macroeconomic situation” with overall sales of €88.4 billion (AUD $137.5 billion), according to preliminary figures.
Featured Article
Behind the Australian Made logo: Six manufacturers shaping local industry
Australian manufacturers are continuing to invest in local production, innovation and sustainability across a wide range of industries. From textiles and packaging to construction and advanced manufacturing, Australian Made licensees are developing products tailored to local conditions while supporting Australian jobs and capabilities.
