none
none

Manufacturing on the rise again

08-03-2011
by 
in 

Australian manufacturing began to expand in February for the first time since July last year, according to the latest data.

The Australian Industry Group/PriceWaterhouseCoopers Australian Performance of Manufacturing Index rose 4.4 points in February to 51.1.

It was the index's first move above the 50 level separating expansion from contraction since July last year.

The sub-sectors of wood products and furniture, paper, printing and publishing, chemicals, petroleum and coal products, miscellaneous manufactures, construction and materials all expanded in February.

"The welcome lift in the manufacturing index was largely off the back of a substantial improvement in the new order sub-index and those sub-indexes related to restocking," said Ai Group Chief Executive, Heather Ridout.

"This suggests a more encouraging immediate outlook for the sector.

"While only reflecting a single month's improvement, the result underlines the resilience of the sector in the face of extremely tough trading conditions and the impact of the strong dollar."

The new orders sub-index rose 7.2 points to 52.3, marking the first increase in new orders after five months of decline.

Manufacturing inventories increased in February, with the seasonally adjusted sub-index up 13.2 points to 52.1.

Seven out of the 12 manufacturing sub-sectors recorded declines in activity in February, up from three sub-sectors in December.

Seasonally adjusted, the production sub-index fell 1.0 point to 49.3, indicating manufacturing output declined, albeit slightly, in February.

The seasonally adjusted employment sub-index decreased 4.0 points in February to 45.0.

Related news & editorials

  1. Martin Chappell
    03.11.2017
    03.11.2017
    by      In
    With Australia’s manufacturing industry strengthening, leaders and heads of IT are weighing up which new technologies they should implement to gain a competitive edge. Martin Chappell from Motorola Solutions explains how a simpler and more focused use of data can be the best approach.
    Australia’s... Read More
  2. Sahara Force India F1
    29.08.2017
    29.08.2017
    by      In
    The pace of Formula One (F1) development is rivalled only by the speeds achieved on the racetrack. Each time the Sahara Force India F1 Team brings its car to a circuit, it represents the team’s top engineering; every time the team leaves, the car is just a baseline. Between races it must be... Read More
  3. capacitor reforming
    12.07.2017
    12.07.2017
    by      In
    The latest productivity enhancing service from Konecranes addresses the problem of keeping spare motor drives in shape so they can be relied on to enter service if required. The company’s new variable frequency drive capacitor reforming service uses a proprietary DC power source to reform stored... Read More
  4. 27.06.2017
    27.06.2017
    by      In
    The most heralded benefit of the fourth industrial revolution (or Industry 4.0) is the availability of increasing volumes of data concerning the performance of manufacturing operations (so-called “big data”). These data range from the enterprise level, to the plant level, and down to the individual... Read More