According to the Australian Industry Group’s Performance of Manufacturing Index, the sector finished 2013 in contraction, consistent with most of the year.
Prime minister Tony Abbott has announced strategic reviews of the South Australian and Victorian economies.
Over the decade there has been an increase in anecdotal reports by business about non-conforming products, particularly in building and construction.
The cost of keeping automotive manufacturing in Australia is high and the investment not always spent wisely, but the loss of the sector would be profound.
The Korea-Australia free trade agreement (KAFTA) has been confirmed today, with “winners and losers” to emerge in time among manufacturers.
The Australian Industry Group Australian Performance of Manufacturing Index (PMI), seasonally adjusted, recorded a result of 47.7 in November.
Industry has rejected the Climate Change Authority’s call for Australia to increase its planned carbon emission reductions.
The Australian Industry Group and others have commented on the possible risks to business presented by the NSW government’s expansion of restrictions on coal seam gas mining.
According to this interview with Innes Willox, The Ai Group CEO, “Germany is in some ways a model for Australia when it comes to economic development, particularly around manufacturing”.
According to business lobbyists, delays to the incoming government’s pledged repeal of a carbon price would have costly results.
Australia’s performance, according to a World Economic Forum study on global competitiveness, has fallen one place in the most recent rankings to be ranked 21st overall.
Following a June result that suggested the sector only narrowly missed out on growth, the Australian Industry Group Performance of Manufacturing Index (PMI) survey has shown a slump to an overall result of 42.0.
Prime Minister Kevin Rudd yesterday confirmed that the carbon tax would move to a floating price on carbon a year earlier than previously planned.
For most of us, ‘standards’ do not comes across as a particularly exciting area but in terms of the contributions product standards make, including in creating a fair and level playing field for Australian businesses, the issue is hugely important.
A lobby group featuring some of Australia’s leading manufacturing CEOs has been announced, designed to promote Australia’s comparative industrial advantages.
The Australian Industry Group Performance of Manufacturing Index recorded a score of 43.8 for May, an improvement on the previous month but continuing the industry’s contraction for the 23rd straight month.
Business groups have been described as giving last night’s federal budget a “cool” response, with the Australian Industry Group and others disappointed at its taxation measures.
The Australian Council of Trade Unions has said that the federal budget, to be delivered tonight, should invest in manufacturing and protect Australian jobs.
Manufacturers are urging treasurer Wayne Swan to disregard the budget being in deficit and offer relief in the form of a cut to the company tax rate.
Will new Industry Participation rules ensure a manufacturing revival, or will they simply reinforce existing industry trends? Brent Balinski investigates.