none
none

AUSTRALIAN MANUFACTURING REMAINS ON THE RISE

02-10-2015
by 
in 

The Australian manufacturing sector has expanded for three consecutive months – for the first time in more than five years.

The latest Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) increased by 0.4 points in September to 52.1 (readings above 50 indicate expansion in activity).

Six of the seven activity sub-indexes expanded in September.

New orders were up 0.5 points to 53.4, production (up 0.5 points to 51.7), manufacturing sales (up 4.6 points to 53.2), supplier deliveries (up 0.9 points to 53.9), employment (down 0.6 points to 50.7) and exports (up 4.6 points to 53.2).

AiGroup Chief Executive Innes Willox said the lower Australian dollar is a clear driver for the improved performance.

Local producers are winning against imports in the domestic market and making further progress in export markets.

“Last month the Australian dollar was about 10 per cent lower than the average for the first half of the calendar year and against the Trade Weighted Index, the domestic currency was around 7 per cent lower in September, Mr Willox said.

“The gains in the sector come despite continued weakness in two key manufacturing sub-sectors – metals, which is being buffeted by global demand/supply imbalances, and machinery and equipment, which despite areas of strong growth is battling the wind-down of automotive assembly and reduced orders from the mining sector.” 

Related news & editorials

  1. 22.02.2018
    22.02.2018
    by      In
    As part of LAND 400 defence bidding, Australia stands to receive international technology that would allow world-leading ballistic armour to be produced in a local environment. 
    If bidding is sucessful, RUAG Australia will produce the cutting-edge ballistic armour for 225 Australian Army Combat... Read More
  2. 22.02.2018
    22.02.2018
    by      In
    As the sheer scale of corporate and private food waste continues to grow as a political and economic issue, more and more groups are stepping up to show just how much our wasteful practices are costing us. 
    The newly formed Australian Food Cold Chain Council aims to address food wastage by tackling... Read More
  3. 22.02.2018
    22.02.2018
    by      In
    Carnegie Clean Energy has received a grant of AU$3 million from the government of South Australia to build a 2MW battery system near Adelaide.
    The 2MW/500kWh storage project will be installed on the site of the former General Motors Holden manufacturing facility in Elizabeth.
    The grant was awarded... Read More
  4. 22.02.2018
    22.02.2018
    by      In
    Even as large automotive brands pulled out of Australian manufacturing, truck manufacturer Iveco has been pushing into the Australian market, increasingly selling and manufacturing on-shore. 
    Along with Volvo/Mack and Kenworth/DAF, Iveco is one of a few truck manufacturers still building in... Read More