Innes Willox

Australia’s manufacturing sector ended the year in contraction, according to the Australian Industry Group’s monthly PMI survey.

​The Australian Industry Group would like the Abbott government ​to act on its policy to put the Fair Work Act to a Productivity Commission Review.

​The Australian Industry Group would like the Abbott government ​to act on its policy to put the Fair Work Act to a Productivity Commission Review.

​Ai Group Chief Executive, Innes Willox, delivered the keynote address yesterday morning at the Advanced Manufacturing Summit in Sydney.

The Australian Industry Group PMI for October has recorded an overall result of 49.4, with the sector close to stable but still in contraction.

​There is some concern among local manufacturers about a Free Trade Agreement with China, ​which could be signed at the G20 meeting next month.

​The manufacturing sector’s contraction increased slightly in September, with the ​Australian Industry Group PMI registering an overall result of 46.5.

​The federal government has released its green paper on energy and has highlighted the need to increase gas supply.

​Manufacturing was back in contraction in August, with only two sub-sectors seeing growth and the strong Australian dollar continuing to be a burden.

​The Australian Industry Group PMI showed the sector growing for the first time in nine months.

Economic modeling released by six industry groups today predicts multi-billion dollar losses due to rising gas prices.

​Business has expressed frustration concerning uncertainty around climate policy as the Senate prepares to pass laws repealing the carbon tax today.

The overall Performance of Manufacturing Index was down slightly in June, falling 0.3 points to 48.9.

​The Fair Work Commission’s minimum wage increase, announced yesterday, has disappointed both business and unions.

​Australia’s manufacturing sector remains in contraction, according to the Australian Industry Group’s PMI, released this morning.

​The Victorian government’s decision to extend a moratorium on fracking for onshore wells has been criticised by some in industry.

​The Australian Industry Group has said removing the Renewable Energy Target would not lead to better outcomes for power users.

Over a billion dollars were cut from industry assistance programs in last night’s federal budget.

Difficulties in the manufacturing sector continued last month, with the ​Australian Industry Group PMI ​slipping 3.1 points to 44.8.

The Australian Industry Group has released its Ten Point Plan for economic growth.