none

Manufacturing activity on the rise in May

05-06-2014
by 
in 

Manufacturing activity improved significantly in May, but still remains in negative territory.

The latest Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) seasonally adjusted index rose 4.4 points to 49.2 to remain just below the 50 point expansion level.

There was a rise in manufacturing production and new orders in the month, despite a dampening in confidence following the Federal Budget.

Those sub-indexes improved to 51.6 points and 55.1 points respectively.  

Manufacturing sales, a newly added sub-series, recorded 53.7 points in May.

Manufacturing employment contracted further in May, as did supplier deliveries, inventories and exports. 

Australian Industry Group Chief Executive, Innes Willox, said: “The manufacturing sector continues to be buffeted by weak household demand, a lack of business confidence and fierce competition in both domestic and export markets heightened by the renewed strength in the Australian dollar.  

“While there was an encouraging rebound in new orders after a particularly weak April, the public reaction to the Federal Budget appears to be weighing negatively on consumer sentiment and business confidence.

“The ongoing uncertainty over a number of budget measures is adding another layer of concern for local manufacturers.”

Related news & editorials

  1. 15.01.2019
    15.01.2019
    by      In
    Available now from technology distributor Avnet, the January 2019 issue of Supply Chain Navigator looks at some of the operational strategies and technology implementations leading supply chain organisations are using to innovate and grow amid increasingly unpredictable economic conditions.... Read More
  2. 15.01.2019
    15.01.2019
    by      In
    Budding space industry professionals from around the world are currently in Adelaide for the annoual Southern Hemisphere Space Studies Programme – the first since the South Australian capital was announced as home of the Australian Space Agency.
    This week 54 participants from 11 countries are... Read More
  3. 14.01.2019
    14.01.2019
    by      In
    Gears, motors and drives specialist, Bonfiglioli, is expanding its local engineering expertise and strong focus on customised solutions tailored to individual customer needs, as it celebrates its 30th year in Australia.
    Bonfiglioli’s new Customer Application Engineering (CAE) team – based in Sydney... Read More
  4. 11.01.2019
    11.01.2019
    by      In
    Bearing technology specialist Schaeffler is relocating its Pacific HQ as it develops and extends its industry 4.0 automation, digitalisation and data exchange initiatives.
    The new base in Belrose, Sydney, replaces Schaeffler Australia’s previous facility in French’s Forest. It will become a hub... Read More