none

MANUFACTURING SLOWS FURTHER IN SEPTEMBER

02-10-2014
by 
in 

Manufacturing activity in Australia was again sluggish in September following falls in production, sales and new orders.

The Australian Industry Group Australian Performance of Manufacturing Index Australian PMI remained in negative territory in September, slipping 0.8 points to 46.5.

This indicates a mild contraction in activity across the sector (readings below 50 indicate a contraction in activity).

Among the eight manufacturing sub-sectors, only the large food, beverages & tobacco (54.9 points) and the smaller wood & paper products (63.2 points) sub-sectors expanded in September.

All of the activity sub-indexes, except supplier deliveries (up 4.1 points to 51.8), contracted during the month, with manufacturing exports experiencing the most significant deterioration, dropping 11.0 points to 42.2 – its lowest level in 18 months.  

“Falls in production, sales and new orders underpinned the further slowing of manufacturing in September and have left the sector struggling short of the recovery that was tentatively suggested in July, said AiGroup Chief Executive, Innes Willox.

While businesses welcomed the significant correction in the value of the Australian dollar in September, it will take some time before competitiveness in domestic and export markets improves.

“Respondents to the Australian PMI suggested that the winding down of Australian automotive assembly and the ongoing downturn in mining construction activity are dampening demand for locally-made products and components,” Mr Willox said.

Related news & editorials

  1. 22.05.2018
    22.05.2018
    by      In
    The Sixth Wave Alliance (SWA) is a new initiative formed to develop a national robotics R&D strategy and create the critical mass required to address large-scale Australian and international challenges using robotics technologies.
    With worldwide spending on robotics expected to reach US$188... Read More
  2. 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
  3. 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
  4. 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