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. 23.04.2018
    23.04.2018
    by      In
    Sidewood Estate has put the finishing touches on it $4 million winery expansion in the South Australian town of Nairne, which includes one of the most technologically advanced bottling lines in the Adelaide Hills region.
    The bottling line can fill and label up to 3000 bottles per hour with an... Read More
  2. 23.04.2018
    23.04.2018
    by      In
    BAE Systems has formalised a deal to source almost 50,000 tonnes of Australian steel to build Future Frigates for the SEA 5000 programme, should it win the tendering process. 
    Under the agreement, Bluescope Steel and Liberty OneSteel will provide steel components for BAE's Global Combat Ship-... Read More
  3. 23.04.2018
    23.04.2018
    by      In
    Melbourne-based packaging giant Visy is aiming to rapidly increase its investments in automation, with the end goal of having a fully automated factory. 
    “We have a vision which I call the ‘lights out’ factory - a fully automated box factory that operates in the dark because robots don’t need... Read More
  4. 23.04.2018
    23.04.2018
    by      In
    With international electric vehicles failing to make an impression on the Australian market, a local manufacturer has stepped up to the plate to provide some much-needed competition. 
    ACE Electric Vehicles is planning to produce Australian-manufacturered electric cars, with the goal of releasing... Read More