none

MANUFACTURING SHIFTS, NOT SHRINKS

26-09-2016
by 
in 

The ABS Q3 report for 2016 is out, and despite the sheer amount of numbers and stats on hand, working through these documents wasn’t as hard going as you’d expect. Why?

That’s simple: it’s all on the up, as long- and short-term employment trends are positive for a majority of sectors. Before looking at the implications of these trends, let’s take a look at the last six months of changes, from May to August 2016.

The Numbers

Manufacturing employment totals have edged up from 883.5 to 892.8.

In Information Media and Telecommunications, from 196.2 to 209.4

In the Scientific and Technical services, 975.3 to 1037.6

Analysis of the data from recruitment specialist Robert Half reveals that Finance and Administration jobs are also on the rise, with an increase of 3.6% and 6% respectively

The Analysis

To cap this off, as of July the Australian Manufacturing PMI had also increased for 12 straight months, marking the longest period of expansion since 2006. Straight off the bat, we can see that the technological and manufacturing sectors are going against predictions of a dramatic downturn, holding steady as the months go on. In fact, the SciTech employment in Australia has been increasing far more than predicted. 

The cause could well be manufacturing trends. The requirements of manufacturing jobs are becoming more and more technological in definition, and the Department of Industry and Innovation is employing a new term for this expanding category; Advanced Manufacturing.

Many people who work in the field may find their jobs becoming more and more technological, making the distinction between manufacturing and technology jobs difficult to define. 

Thus, the manufacturing industry isn’t just becoming reliant on Science and Tech; in several respects, they’re becoming indistinguishable.

With the dramatic advancements in manufacturing technology, along with the surprising integration of advanced tech into the design and supply logistics chain, the smaller-than-expected rise in manufacturing isn’t a sign of waning power; it’s a sign of a dramatic shift in the way manufacturing and technology jobs are categorized. 

So amidst worry about manufacuring's slowing growth or shrinking size, stay positive. The industry isn't dissapearing: it's evolving. 

Related news & editorials

  1. 18.06.2018
    18.06.2018
    by      In
    Queensland-based electronics design and manufacturing company, Hetech, is collaborating with selected local engineering companies to increase its design capacity of up to 20 engineers.
    With defence projects such as the LAND400: Phase 2 arriving in Queensland, collaboration between local engineers... Read More
  2. 15.06.2018
    15.06.2018
    by      In
    The NRMA has chosen Australian-made electric vehicle chargers from Brisbane-based Tritium to equip its $10 million network planned for New South Wales and the ACT. The network, which will be the largest in Australia, will comprise 40-plus charging stations that will be free to use for NRMA members... Read More
  3. 14.06.2018
    14.06.2018
    by      In
    Australia’s Collins Class submarine fleet is set to receive significant sonar upgrades this year in a project led by Raytheon Australia and Thales Australia.
    In announcing the commencement of the upgrade programme, Minister for Defence Industry, the Hon Christopher Pyne MP, said that as the... Read More
  4. 14.06.2018
    14.06.2018
    by      In
    Australian-founded Ainsworth Game Technology has expanded globally since being established in 1995, today representing the fifth-largest gaming manufacturer in the USA. The company boasts a new state-of-the-art US$40 million facility in Las Vegas, which produces thousands of gaming machines per... Read More