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. 16.08.2018
    16.08.2018
    by      In
    Following extensive growth of the business, Beacon Solar (a division of Beacon Lighting Group) has changed its business (trading) name to Beacon Energy Solutions.
    Beacon Solar has been in the energy efficiency/solar market for more than 10 years, with the business initially offering residential... Read More
  2. 15.08.2018
    15.08.2018
    by      In
    BHP’s new $4.8 billion South Flank iron ore mine in the Pilbara is expected to create about 2500 jobs during construction and 600 ongoing roles. But local fabricators are quire rightly up in arms about the company’s decision to award the contract for 20,000 tonnes of structural steel work to... Read More
  3. 14.08.2018
    14.08.2018
    by      In
    The former Trade Commissioner of Denmark to Australia and New Zealand, Michael T Hansen has been named General Manager of Nilfisk in Australia.
    Originally from Denmark, Hansen has more than 25 years of experience in business development and sales.
    Over the last 9 years as Trade Commissioner, Hansen... Read More
  4. 14.08.2018
    14.08.2018
    by      In
    World-renowned physicist Dr Cathy Foley has been named CSIRO Chief Scientist with a brief to help champion science, its impact and contribution to the world. Dr Foley is best known for her work developing superconducting devices and systems that have assisted in unearthing over $6 billion in... Read More