Tag: economy
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.
Australian manufacturing PMI ends 2023 with continued downturn – Judo Bank
Contractionary conditions in the Australian manufacturing sector persisted to the end of 2023 as domestic and global demand continued to decline, according to the latest Purchasing Manager’s Index (PMI) data from Judo Bank.
Victorian gov’t forges key economic alliance with France
The Victorian Government has initiated a significant new partnership with France that will enhance the economic ties between the state and a crucial European ally.
Australian manufacturing PMI reports continued contraction in November
Downturns in Australia’s manufacturing industry persisted in November, resulting in the lowest reading in the eight-year history of Judo Bank’s Purchasing Manager’s Index (PMI) survey outside of lockdown periods.
Global manufacturing downturn in October marks longest deterioration sequence since 2002 – JP Morgan
The global manufacturing industry continued to see contractionary conditions in October as output declined for the fifth consecutive month dragged by further deterioration in new orders.
China’s manufacturing PMI signals deteriorating conditions in October
China’s manufacturing industry experienced a slight setback in October, with the latest Purchasing Managers’ Index (PMI) data from Caixin and S&P Global revealing deterioration in production as a result of slower sales.
Australian manufacturing PMI drops further in October – Judo Bank
Australia’s manufacturing sector saw further contractions in October after the rate of new orders dropped amid worsening demand conditions, according to the latest Purchasing Manager’s Index (PMI) data from Judo Bank.
Survey: Australian companies need to accelerate decarbonisation to boost economic competitiveness
New research from Schneider Electric has highlighted the urgent need for Australian businesses to boost their decarbonisation effort to bolster their economic competitiveness.
New Zealand manufacturing contracts further in September, says BusinessNZ
The manufacturing sector in New Zealand saw a deeper slide into contraction during September with the seasonally adjusted PMI valued at 45.3, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI).
Global manufacturing PMI remains in contraction in September— JP Morgan
The JP Morgan Global Manufacturing Purchasing Managers’ Index (PMI) remained in the contraction territory at the end of the year’s third quarter, posting a 49.1 rating in September up from August’s 49.0.
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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.
