The industry remained in growth for September, reporting its ninth straight expansionary result, though growth slowed over the month, according to the S&P Global Australia Manufacturing PMI. According to a statement from S&P on Wednesday, the overall PMI recorded a result of 51.4 in September, down from 53.0 in August. A result above 50 from…
Manufacturing activity is back in contractionary territory, according to the quarterly ACCI-Westpac Survey of Industrial Trends, reflecting “broad-based softness across output, new orders and [the] labour market”. According to a statement from the Australian Chamber of Commerce and Industry on Tuesday, the Actual Composite result in the survey slipped from 51.5 in Q2 to 48.8…
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…
By Dr Jens Goennemann AMGC’s role is to stand behind all aspiring manufacturers across the nation. This means speaking on behalf of our network of 8,000 and broader industry in forums that will deliver cut-through for small-to-medium-sized (SME) manufacturers – representing the large majority of Australian manufacturers. Lately, this has taken us to numerous Government-led…
Tropes about high costs don’t tell the whole story when it comes to making things in Australia. Those aren’t the real reasons why the industry’s share of GDP is so low, explains Dominic Parsonson. Manufacturing isn’t a “nice to have” for Australia, it’s a pillar of growth, resilience and national security. Yet whenever we talk…
By Roy Green For a while it looked like federal Treasurer Jim Chalmers’ Economic Reform Roundtable would turn into a tax summit, such was the clamour to revisit missed opportunities. And we have an abundance of those in Australia. However, the intended focus on Australia’s lagging productivity performance has appropriately been retained in the current…
By Scott French, UNSW Sydney Just one day after the US Court of Appeals temporarily reinstated the Trump Administration’s Liberation Day tariffs of between 10 per cent and 50 per cent on nearly every country in the world, Trump announced tariffs on all US imports of steel and aluminium will increase from 25 per cent…
The new government should set its mind to the problem of Australia’s industrial structure. Recent feedback from manufacturers suggests that existing programs might be missing the mark. By Dr Jens Goennemann. After a decisive election win, the runway for government, especially a returning one, is at its longest. Therefore, it is a good time to…
By Anne Vo, University of Wollongong At a time of widespread global trade instability, Australia should be expanding and diversifying its economic partnerships. Supply chains remain fragile, and protectionist rhetoric is once again gaining traction in major Western economies. US President Donald Trump’s America First agenda includes sweeping tariffs on imports, withdrawal from multilateral agreements…
Despite “decades of rhetoric about becoming a ‘clever country’”, Australia is no closer to meeting its research and development aspirations, and “simply pouring more funding into a dysfunctional system” won’t matter unless the commercialisation imperative is addressed, according to the Australian Industry Group. Making its submission to the Strategic Examination of Research and Development (SERD),…