Tag: economy
Australian Manufacturing PMI in April reaches 35-month low amid weak demand
Weak demand in the Australian manufacturing sector has driven the country’s Purchasing Managers Index (PMI) to a 35-month low, according to the latest data from Judo Bank.
Australian industry slips further into contraction over fall in new orders
The Ai Group Australian Industry Index slumped further in March as the industry sees a fall in demand, while the manufacturing sector rebounded led by improvements in the chemicals and food & beverage sectors.
GFG Alliance to commence low-carbon steelmaking in South Australia
Ministers Chris Bowen and Ed Husic have welcomed GFG Alliance’s steelmaking company Liberty Steel’s plan to venture into low-carbon steel manufacturing in South Australia.
Australian manufacturing PMI enters contraction territory in March
Australia’s manufacturing sector saw a mild decline in March, due to lower market demand that reduced output and inventory levels, marking the first PMI contraction since May 2020.
US private sector’s output drives fastest uptick in business activity in a year
The United States private sector saw a renewed expansion in business activity in March as manufacturers and service providers in the country reported upturns in output, with service sector firms driving the increase.
Australian private sector activity dragged down by low business activity in March
Australian private sector’s output slumped in March following a deterioration in demand conditions that led to lower business activity.
Australian manufacturers to face enduring cost crisis in 2023
The Australian manufacturing sector is set to see a downward trend in the upcoming months as high inflation, spiralling energy costs, and ongoing labour shortage drag the industry's economic outlook, according to the latest ACCI-Westpac Survey of Industrial Trends.
Australian manufacturing PMI sees stability amid improvement in new orders
Australia’s manufacturing sector has seen a further expansion in February amid a moderated decrease in new orders as firms worked through their outstanding orders.
Victoria supports local advanced manufacturers with new grant program
Local manufacturers in Victoria are slated to receive up to $250,000 in funding through the state government’s Made in Victoria – Manufacturing Growth Program.
Eurozone Composite PMI confirmed at 50.3 in January
The S&P Global Eurozone Composite PMI stood at 50.3 in January 2023, slightly up compared with a reading of 49.3 in December.
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The future of sports manufacturing: Inside M2M Group’s AI-powered strategy
As the sports manufacturing industry evolves, artificial intelligence (AI) is emerging as a critical catalyst for innovation and efficiency.
