Tag: economy
Australia’s Economic Complexity Index ranking drops to survey’s bottom third
Australia’s ranking in the world’s Economic Complexity Index (ECI) has plummeted by 12 positions in the past 10 years, placing 93rd out of 133 countries, according to a new report from Harvard Kennedy School.
Public comments sought to update Australia’s critical minerals list
The Department of Industry, Science and Resources is seeking public feedback on updating Australia’s critical minerals list after the Critical Minerals Strategy 2023-2030 was released last month.
WA gov’t grants Pacific Energy $2.4m to bolster manufacturing, economic diversification
Western Australia Premier Roger Cook has visited Pacific Energy's Perth Airport manufacturing facility to grant the company up to $2.4 million in funding on behalf of his government's Investment Attraction Fund.
New Zealand manufacturing industry contracts to lowest level of activity since 2022
New Zealand’s manufacturing sector slipped further into contraction territory in June, dragged by lower rates in production and new orders.
Australian manufacturing sees further decline in June— Ai Group
Australia’s manufacturing industry slipped further into contraction territory in June, led down by the chemicals industry, according to the latest survey from the Ai Group.
New orders drag down Australian manufacturing PMI in May— Judo Bank
The health of Australia’s manufacturing industry has continued to see a downturn in May, with the headline seasonally adjusted Judo Bank Australia Manufacturing PMI posting a 48.4, up from April’s 48.0.
Real-time data can solve the top three challenges of the owner-contractor relationship
Today’s economic conditions continue to create challenges in the global business environment, particularly in manufacturing.
Australian private sector sustains growth despite decline in manufacturing
Australia’s private sector has seen a continued expansion in May, posting above the 50.0 no-change mark for a second consecutive month amid sustained expansion in services activity as manufacturing output shrank for a sixth straight month.
New critical technologies list to help secure Australia’s future
The Australian government has updated the List of Critical Technologies to support fields that will have a high impact on Australia’s national interest and help secure the country’s future.
Federal Government’s National Reconstruction Fund to accelerate Australia’s adoption of advanced manufacturing
News of the Australian Federal Government’s $15 billion National Reconstruction Fund (NRF) has been welcomed by business leaders across all industries, with the local manufacturing sector in particular set to receive a major boost from the funding.
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APS Industrial brings Siemens’ next-gen PLC to Aussie manufacturers
As the manufacturing industry advances towards greater automation and digitalisation, companies are seeking smarter and more efficient control solutions to enhance their operations.
