video-banner
none

MANUFACTURING ACTIVITY BOUNCES BACK IN JULY

04-08-2015
by 
in 

Activity across the Australian manufacturing sector stabilised in July, after contracting the previous month.

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) recovered 6.2 points to 50.4 (readings above 50 indicate expansion in activity, the distance from 50 indicating the strength of the increase).

Four of the seven activity sub-indexes expanded in July.

Manufacturing sales were up 12.9 points to 53.9, expanding for the first time in 14 months.

Production was up 10.6 points to 54.2 and supplier deliveries up 6.3 points to 50.6 – reversing sharp declines in June to return to expansion.

New orders (up 7.6 points to 49.8) also recovered lost ground to approach stability, but stock levels (down 1.7 points to 47.9) and manufacturing employment (up 2.6 points to 47.5) remained in negative territory.

The exports sub-index expanded for a third consecutive month (up 1.6 points to 51.8), reflecting the lower Australian dollar.

Three of the eight manufacturing sub-sectors expanded in July, led by food, beverages and tobacco (down 1.7 points to 58.9) for a 14th month.

The relatively small wood & paper products sub-sector (up 4.4 points to 68.2) expanded for a fifth month, while petroleum, coal, chemical and rubber products (up 2.2 points to 50.7) returned to expansion after a brief contraction in June.

Ai Group Chief Executive, Innes Willox, said the lower dollar was an important positive factor in the July turnaround in manufacturing performance which saw another lift in exports.

“Healthy contributions from the food and beverages sector and industry segments linked to residential construction offset continued weakness in other areas including the important machinery and equipment sector, Mr Willox said. “Machinery and equipment is suffering from the drop in demand from mining-related construction and the ongoing wind-down of automotive assembly.”   

Related news & editorials

  1. 16.10.2019
    16.10.2019
    by      In
    As if to prove that collaboration is central to any Industry 4.0 strategy, Open IIoT held the second of its east coast demonstration days in Sydney this week spreading the word on the ease of implementation and the accrued benefits of embracing the Industry 4.0 mindset.
    The Open IIoT panel is made... Read More
  2. 16.10.2019
    16.10.2019
    by      In
    Mouser Electronics has released the second video in its Engineering Big Ideas series, featuring celebrity engineer Grant Imahara.
    In this video Imahara takes viewers to Milan, Italy, to visit Arduino, one of the world’s leading open-source hardware and software ecosystems. He sits down with Arduino... Read More
  3. 16.10.2019
    16.10.2019
    by      In
    A world’s first emissions report for the manufacturing sector developed by Beyond Zero Emissions’ expert volunteers has won the new Environmental Volunteering category in this year's Victorian Premier's Sustainability Awards.
    Beyond Zero Emissions is a small research organisation that engages... Read More
  4. 16.10.2019
    16.10.2019
    by      In
    Researchers from the Institute for Frontier Materials at Deakin University claim to have solved the biggest problem currently preventing photovoltaic cells from being recycled.
    Material scientists Dr Md Mokhlesur Rahman and Prof Ying (Ian) Chen pioneered the investigation to recover silicon from... Read More