Don’t just revive ‘old’ manufacturing, revive competitiveness

It is increasingly obvious Australia’s economic competitiveness is fading, but where to from here – Australian Manufacturing Forum member viewpoint by Iain Wicking. Focusing on the historically slow rise and relatively fast fall of the Australia’s manufacturing sector is important, but it misses the point in today’s economic environment. If the main objective is to…

The economy slows as capital expenditure, R&D fade

Analysis by Peter Roberts Australia’s Productivity Commission has pointed to a deep seated sickness holding back the Australian economy caused by falling levels of company investment and R&D. The Commission’s Productivity Bulletin 2019 just released shows labour productivity rose in 2017/16 by 0.2 per cent. This measure of output per hour worked is way below…