Tag: economy
Tech Council calls for stronger R&D investment to drive Australia’s economic future
The Tech Council of Australia (TCA) has expressed support for the Federal Government’s strategic review of Australia’s research and development (R&D) sector, aiming to enhance productivity and drive economic growth.
Manufacturers face renewed cost pressures as inflation slows in Australia – Ai Group
In a mixed bag of economic news, the Australian Industry Group (AIG) has expressed concern over the resurgence of cost pressures for manufacturers, despite a continued slowdown in consumer inflation.
Manufacturing PMI drops to three-month low in June – Judo Bank
The headline seasonally adjusted Judo Bank Australia Manufacturing Purchasing Manager’s Index (PMI) posted 47.2 in June, down from 49.7 in May.
Rio Tinto boosts spending with Aussie suppliers to over $16.1B
ASX-listed Rio Tinto has increased its expenditure with suppliers and businesses in Australia to over AUD 16.1 billion in 2023.
‘Future Made in Australia’ plan targets pollution reduction, economic growth – CANA
Climate Action Network Australia (CANA) and Solutions for Climate Australia (SCA) have lauded Prime Minister Anthony Albanese's unveiling of the ambitious 'Future Made in Australia' plan.
Australian manufacturing sector faces steepest decline since May 2020, Judo Bank PMI shows
The latest data released by Judo Bank reveals a concerning trend for Australia's manufacturing sector, as conditions deteriorated at the fastest rate since May 2020.
Australian milk production in full swing, says Rabobank
A recent report from Rabobank indicates that Australian milk production is thriving, with significant growth observed across all dairying regions.
Aussie manufacturing PMI re-enters contractionary territory in February – Judo Bank
Market conditions in Australia’s manufacturing sector deteriorated in February due to sharper falls in output and volumes of outstanding business amid a quicker decline in new orders.
Zoetis expands presence in Australia with Melbourne manufacturing site acquisition
Animal health company Zoetis has acquired a 21-acre manufacturing site in Melbourne, doubling its manufacturing footprint and setting the stage for enhanced capabilities in developing and manufacturing vaccines for various animals, including sheep, cattle, dogs, cats, and horses.
NAIF investment focus shifts towards economic and social dev’t in Northern Australia
In a joint media release with Minister for Finance Senator the Hon Katy Gallagher and Member for Solomon Luke Gosling, the Australian Government announced updates to the Northern Australia Infrastructure Facility’s (NAIF) investment mandate.
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Building resilience as manufacturing requirements become more complex
The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.
