The Monthly Business Turnover Indicator (MBTI), an experimental economic indicator developed in 2021 and using monthly Business Activity Statement data, has released its final result, showing that manufacturing enjoyed its “highest growth on record” in the MBTI’s history. According to a statement from the Australian Bureau of Statistics (ABS) on Monday, the September result showed…
Manufacturing revenue figures are continuing to grow, according to Australian Bureau of Statistics figures, outperforming a 13-industry aggregate for the month of July. The Australian Bureau of Statistics’ Monthly Business Turnover Indicator found an increase of 4.2 per cent for manufacturers compared to July 2024. The industry’s rate of growth for the year to July…
AML3D gets new distributor Wire arc additive manufacturing business AML3D has announced DMFG Solutions has been appointed as a second, non-exclusive European distributor. The distribution partnership with the German technology and solutions provider will run for two years and builds on the appointment of UK’s Arc Additive last month, further expanding AML3D’s European reach. AML3D said its…
New synthetic biology group launched Plant SynBio Australia (PSBA) was launched in Canberra on Wednesday, aiming at coordinating a national network of infrastructure and expertise to accelerate gains in agri-food productivity. PSBA will focus on synthetic biology, which uses engineering principles to redesign biological organisms for desired outcomes including creating vaccines, novel crops, and foods…
A measure of turnover data published by the Australian Bureau of Statistics since 2021 has shown manufacturing outpacing all other industries for February, with a strong rise in metal products. The ABS’s experimental Monthly Business Turnover Indicator tracks 13 industries, with an aggregate rise in turnover of 0.2 per cent (in seasonally-adjusted terms) for the…
Ai Group on inflation: “the worst is behind us, but”… Employer representative the Australian Industry Group has welcomed new inflation figures released by the Australian Bureau of Statistics on Wednesday, but cautioned that there is “a lot of work to do” in returning the nation to “a stable economic footing”. The ABS tracked inflation at…
The Australian government used to publish a Business R&D Investment Scorecard, providing insight into how companies are investing in their future. Here John H Howard, Victor Pantano and Cameron Begley produce their own scorecard – which suggests fewer Australian companies are bothering with R&D. R&D scorecards are vital tools for policymakers. They provide essential data…
Rio Tinto boosts stake in Australia’s second-largest smelter Rio Tinto has acquired Japanese conglomerate Mitsubishi Corporation’s interest in the Boyne Island aluminium smelter. It bought the 11.65 per cent interest in Boyne Smelters, which owns and operates the Gladstone, QLD based smelter, for an undisclosed sum. The acquisition follows Rio Tinto’s agreement to purchase shares in…
Today in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – Defence Industry Minister Pat Conroy explains how the government has built new structures to link defence innovation with commercial outcomes, building the defence industrial base in the process. A strong and sovereign innovation, science and technology sector is critical to…
As we have been publishing our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – new statistics have emerged that show that even higher education research, until now a national strongpoint, is faltering. Professor Roy Green details the biggest decline ever recorded in higher education research. The newly released Australian Bureau of…