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. 21.05.2018
    21.05.2018
    by      In
    Queensland engineering firm Fibercon is claiming a milestone in recycling, having reused more than 50 tonnes of plastic waste.
    The plastic has been used in the company’s Emesh product, which replaces steel mesh in reinforced concrete. The technology was codeveloped with researchers from Queensland’... Read More
  2. 18.05.2018
    18.05.2018
    by      In
    The latest edition of the Methods technology and solutions e-zine from Mouser Electronics focuses on digital twinning, the latest concept for design and maintenance in Industry 4.0.
    Starting with a forward from digital twinning expert Dr Michael Grieves, Executive Director of the US Center for... Read More
  3. 17.05.2018
    17.05.2018
    by      In
    The Federal Government has released an expanded overview of its 12-year national research infrastructure investment plan, marking the “next step of the innovation and science agenda”.
    The plan, prepared jointly by Education and Industry departments, will “provide Australian researchers with access... Read More
  4. 17.05.2018
    17.05.2018
    by      In
    Victoria’s Marand has grown its customer base, securing a partnership with Rolls-Royce for construction of the MT30 gas turbine for the SEA 5000 Future Frigate project.
    Under the agreement, Marand will work with Rolls-Royce on design development, manufacture and integration of the specialised... Read More