A welcome focus on growing Australian capability Industry-research collaboration advocate Cooperative Research Australia (CRA) has praised the focus on growing Australia’s science and technological performance, continued support for Cooperative Research Centre (CRC) funding, and plans to transform Australian R&D. Budget 2024 “has put education, research, manufacturing and industrial transformation at its core” said CRA CEO…
The manufacturing sector has continued its trend towards contraction in July, with the Ai Group Australian Industry Index losing 2.8 points to -14.7 points – the broad gauge of industry conditions has been negative for the past fifteen months. Meanwhile the Australian PMI indicator which focuses more closely on manufacturers fell to -25.6, indicating contractionary…
The industrial economy continues to contract in response to higher interest rates according to the latest data released by employer group the AiGroup. The group’s Australian Industry Index, which is broader than its companion Performance of Manufacturing Index, fell in June 2023, losing 1.1 points to minus 11.9 points (seasonally adjusted). The index has indicated…
