Tag: economy
New orders drag down Australian manufacturing PMI in September, says Judo Bank
Australia’s manufacturing industry continued to see deteriorating conditions in September amid a sharper decline in new orders, including from abroad.
New Zealand manufacturing PMI slips further in August, says BusinessNZ
New Zealand’s manufacturing industry continues to slip further into contraction in August, with the BusinessNZ Performance of Manufacturing Index (PMI) posting a 46.1 reading, down from July’s 46.6.
Tasmania committed to backing local manufacturing, defence industry— Minister Ogilvie
Minister for Advanced Manufacturing and Defence Industries Madeleine Ogilvie said the Tasmanian government is committed to supporting the local manufacturing and defence industry so businesses can cement their positions as world leaders.
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.
Global manufacturing PMI reports slower contraction in August
The global manufacturing sector remained in contraction in August, albeit at a slower pace, as rates of contraction ease for output and new orders, according to J.P. Morgan.
Australian manufacturing PMI remains unchanged in August— Judo Bank
The Australian manufacturing sector continued to contract in August at a rate similar to July's, with the headline seasonally adjusted Judo Bank Australian Manufacturing PMI posting the same result of 49.6.
New Zealand manufacturing contracts further in July— BusinessNZ PMI
BusinessNZ Performance of Manufacturing Index (PMI) posted a 46.3-point rating in July, indicating further contractionary conditions in the New Zealand manufacturing sector.
Victoria-based Bremar partners with Core Additive to bring 3D printing to more local businesses
Core Additive, a leading Markforged reseller in Australia, has partnered with Bremar Automation to provide onshore 3D printing solutions to Victorian businesses and help scale the state’s local manufacturing capabilities.
Nyrstar claims $1.7b contribution to the Australian economic value in 2022
Nyrstar Australia has presented its Economic Value Report Summary for 2022, valuing the previous calendar year's benefit to the Australian economy at $1.7 billion.
Australian industry slips further into contraction in July, says Ai Group
The Ai Group Australian Industry Index posted a rating of -14.7 points in July, indicating contractionary conditions and marking the index’s 15th month in the negative territory.
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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.
