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. 01.06.2020
    01.06.2020
    by      In , In , In
    Australia’s manufacturing sector has developed a plan to reverse its languishing fortunes.
    The plan, which will be delivered to government, contains 11 major recommendations crowd-sourced during April and May from Australia’s manufacturing communities, academics and industry experts.
    A New Deal... Read More
  2. 01.06.2020
    01.06.2020
    by      In
    GoProto ANZ has teamed up with Erebus Medical and Cobalt Design to help hospitals in the fight against COVID-19.
    Initiated in mid-March as the pandemic escalated in Italy and Spain, the project sought to prevent Australian hospitals becoming overwhelmed by a predicted peak in coronavirus patients... Read More
  3. 01.06.2020
    01.06.2020
    by      In
    Across every industry, the COVID-19 crisis has caused disruption and highlighted risks in the global supply chain. On the other hand, it has unveiled potential opportunities for Australian manufacturers to reinvigorate the industry and compete more effectively in the future.
    With innovation booming... Read More
  4. 27.05.2020
    27.05.2020
    by      In
    The Australian Made Campaign has teamed up with Primex Field Days to support and further promote the growth of the Australian agriculture sector.
    Primex Field Days, traditionally held at Casino in the NSW Northern Rivers, is one of Australia’s most diverse agricultural events. It aims to bring... Read More