For Australian manufacturing, most of the news in recent years has been negative. However, there are still reasons to believe that the sector will survive.
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Dollar hits six-year low, still overvalued, says RBA
The Australian dollar went under US 76 cents, for the first time since May 2009, yesterday, as the economy adjusts following the mining boom.
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DOES MANUFACTURING HAVE A FUTURE?
A characteristic feature of economic booms is that those caught up in the excitement believe they will go on forever. Australia’s recent mining boom is no exception. Following the pattern of resource-based economies, a commodity price hike increased our terms of trade without any special effort on our part – adding 15 per cent to our national income over a six year period while the rest of the world languished in recession.
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BlueScope sees improved result, optimism from local industry
After Bluescope Steel’s improved profit result yesterday, the company’s boss expressed cautious optimism about the environment for Australian manufacturers
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Food and beverage leads the way in January’s improved PMI result
The first month of the year has seen a boost for Australia’s manufacturing sector, helped by the dollar’s depreciation, but it remains in contraction.
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Australian dollar continues to fall, hits US 77.22 cents
The Australian dollar hit a five-and-a-half-year low this morning and was trading at US 77.85 cents at 10:30 am.
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Australian dollar goes under US 80 cents for first time since 2009
The Australian dollar went under US 80 cents this morning for the first time in five-and-a-half years.
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Signs that things have turned around for Australian manufacturers: Wesbeam boss
Engineered wood products company Wesbeam has posted an improved result for the last financial year and said it believes conditions have turned around.
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Australian dollar continues to dip, could hit 73 cents in June, say analysts
The Australian dollar fell to a five-and-a-half-year low (AEDT) this morning.
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“Dutch disease” effects could be unwinding rapidly as dollar plummets
There are indications that the effect of “Dutch disease” in Australia is more pronounced than that in Canada.
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Kimberly-Clark stands up to low-cost private label competition
Kimberly-Clark Australia’s Kleenex brand has resisted competition from cheap private label brands in supermarkets.
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Australian manufacturing slump continues in September PMI
The manufacturing sector’s contraction increased slightly in September, with the Australian Industry Group PMI registering an overall result of 46.5.
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Dollar at 60 US cents wouldn’t have helped manufacturing: RBA
The Reserve Bank of Australia has suggested that a fixed exchange rate of about $US 60 cents would’ve done little for Australia’s manufacturing sector.
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China manufacturing result surprises, Australian dollar rises then falls
China’s flash PMI result for September surprised some with a reading of 50.5, up from 50.2 in August.
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Australian manufacturers can and should compete globally
Keech Australia CEO, Herbert Hermens, says the Bendigo-based company is able to successfully compete on a global scale, and others can too.
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Dollar plummets to 90 cents this morning
The Australian dollar hit a six month low this morning, only narrowly staying above $US 90c.
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Local manufacturers speak up on buying Australian made
Two proudly Australian industrial companies, Mumme Products and Recoila, share their thoughts on the importance of sourcing from local suppliers.
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Australian manufacturing industry shrinking again: PMI
Manufacturing was back in contraction in August, with only two sub-sectors seeing growth and the strong Australian dollar continuing to be a burden.
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Australian manufacturing back in growth for July
The Australian Industry Group PMI showed the sector growing for the first time in nine months.
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How to make foreign exchange work for you
It is important to develop a strategy for ‘foreign exchange’ as foreign currencies can fluctuate and potentially wipe out any upside to your bottom line.
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