none

Positive signs for manufacturing sector

17-02-2012
by 
in 

Manufacturing activity remained in positive territory in January, according to the latest industry data.

The Australian Industry Group – PwC Australian Performance of Manufacturing Index (Australian PMI) expanded slightly in the month, up 1.4 points to 51.6 (readings above 50 indicate an expansion in activity).

The lift in the overall index to 51.6 was largely due to a rise in the delivery of inputs (55.6) and a rise in inventories of finished goods (54.3) while production (50.7) and new orders (49.9) were broadly unchanged. Across the sub-sectors food and beverages registered the strongest performance (73.8). Textiles recorded the weakest result (37.7) while those sub-sectors linked to construction also performed poorly.

"Encouragingly, manufacturing held on to positive territory in January to register the second consecutive month of growth, albeit by a slim margin, said Australian Industry Group Chief Executive, Heather Ridout.

“The growth was underpinned by expansion in key sub-sectors such as food and beverages and transport equipment, Ms Ridout said. “At the same time, six of the 12 manufacturing sub-sectors contracted in January highlighting the tough conditions persisting in the sector.”  

Respondents cited ongoing global economic uncertainty and strong overseas competition as factors inhibiting growth.
 

Related news & editorials

  1. 22.03.2019
    22.03.2019
    by      In
    OMAX Corporation, a manufacturer of abrasive waterjet systems, plans to join forces with Hypertherm, a manufacturer of industrial cutting systems and software, following the signing of a definitive merger agreement that establishes OMAX as a wholly owned subsidiary of Hypertherm.
    When the agreement... Read More
  2. 22.03.2019
    22.03.2019
    by      In
    Whether trapezoidal, high helix or metric threads, lead screws in combination with nuts made of iglidur high-performance polymers ensure lubrication-free adjustment for long-lasting and smooth running. But designing the right drive solution has so far demanded the necessary knowledge in technical... Read More
  3. 22.03.2019
    22.03.2019
    by      In
    CSIRO research into the Melbourne to Brisbane Inland Rail project has found that shifting horticulture and processed agriculture, such as meat, rice and dairy products, from road to rail could reduce transport costs for the agricultural sector by an estimated $70 million per year.
    Last year,... Read More
  4. 22.03.2019
    22.03.2019
    by      In
    The executive board of German bearings manufacturer Schaeffler AG has made appointments based on decisions by the company’s supervisory board on March 1st, 2019. The executive board will continue to consist of eight managing directors and the four regional CEOs, but the new appointees will make the... Read More