none

2018 CONTINUES TO IMPRESS

01-03-2018
by 
in 

February proved to be another strong month for manufacturing, with the Australian Performance of Manufacturing Index continuing to show strong growth. 

The index landed at 57.5 last month, 1.2 down from January's high: while a slight decrease, the industry continues its strong trend of growth both overall and in sub-sectors. 

All seven activity sub-indexes in the Australian PMI expanded in February, marking the fourth such consecutive month. 

Exports in particular showed strong growth, with improved trade to the United States and Asia helping the exports sub-index jump 4.7 points higher to 56.5 points. 

Labour and skill shortages are arising due to an increase in demand. Some participants in the Australian PMI reported increased reliance on overtime to cover higher than usual activity over recent months.

Many manufacturers are now looking to employ more staff but are finding it difficult to find skilled workers for their locations and/or specialisations, so now is a good time to start training. 

Only two sub-industries reported contraction, despite broad trends of manufacturers continuing to report high energy costs eating into margins.

Overall, manufacturing's continued growth makes February 2018 the 17th consecutive month of growth in the manufacturing sector. 

Related news & editorials

  1. 07.09.2018
    07.09.2018
    by      In
    Fifteen companies from Victoria and South Australia have been named as recipients of almost $19 million worth of grants under the second and final phase of the government’s Advanced Manufacturing Growth Fund.
    The $47.5 million fund was set up in the 2017-18 Budget as part of a $100 million package... Read More
  2. 03.09.2018
    03.09.2018
    by      In
    Australian manufacturing continued its inexorable march forward during August, with the Ai Group’s Australian PMI rising back into high growth territory at 56.7 – up from July’s 52.0, which had suggested that growth was slowing. The August figure marks the 23rd consecutive month of expansion.... Read More
  3. 01.08.2018
    01.08.2018
    by      In
    The sustained growth of Australian manufacturing industry slackened off in July with the Ai Group’s Australian PMI dropping to 52.0 – down from 57.4 9 in June and further down from its high point of 63.1 in March 2018.
    However, the sector continues to grow, albeit at a slower rate, and the July... Read More
  4. 11.07.2018
    11.07.2018
    by      In
    “The National Electricity Market is largely broken and needs to be reset,” said ACCC Chair Rod Sims in launching the final report of the Australian Competition & Consumer Commission’s Retail Electricity Pricing Inquiry.
    Sims went on to acknowledge that: “Previous approaches to policy,... Read More