Manufacturer business confidence plunges – CBA

CBA bank’s latest Purchasing Managers Index (PMI) shows a massive plunge in economic activity and confidence. The March 20 index, which surveys 800 Australian companies in the manufacturing and service sectors, dropped from 49.0 to 40.7, the steepest reduction since data collection began in 2016. The survey measures how output, orders, jobs, delivery times and…

Elsight gears up for new opportunities

While many companies are winding down their operations because of the coronavirus epidemic, wireless video and data transmission technology company group Elsight is gearing up for new opportunities. The maker of equipment for real-time data, video and audio transmission over cellular networks has already augmented its supply chains with new suppliers in Israel and elsewhere.…

Federal government in second, bigger stimulus

By Peter Roberts Only days after offering up a stimulus package widely condemned as not large enough to impact Australia’s coronavirus affected economy, Canberra has followed up with a second much larger package of measures. The first business-focused package increased the instant asset write-off, provided accelerated depreciation deductions and supported apprentices and trainees. Manufacturers can…