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…
The quarterly ACCI-Westpac Survey of Industrial Trends has shown the manufacturing industry “showing signs of recovery” and a result indicating “gradual gains in new orders and stable, positive output growth.” According to a statement from the Australian Chamber of Commerce and Industry on Tuesday, sentiment appears to be “improving following the gloom of the past…
Manufacturers are viewing the economy as at a delicate point between point between boom and bust, according to the ACCI-Westpac Business Survey December 2024 Q4. Currently spot on the breakeven threshold, the latest survey shows manufacturers are experiencing a torrid time, but have expectations of far better times ahead. Could this be from pent-up demand…
The quarterly ACCI–Westpac Survey of Industrial Trends has found signs of improvement in conditions among manufacturers, though the general business outlook from companies for the next six months, while improved, “remains deeply pessimistic”. A summary of the survey, which has been running since 1966, notes that national accounts figures indicate the Australian economy remaining in…
The Westpac-Australian Chamber of Commerce and Industry survey of Industrial Trends shows a worsening in conditions for manufacturers in the year’s first quarter, and an outlook moving “deeper into pessimistic territory”. A summary reads that the quarter brought a “decline in new orders, a fall in output, a reduction in overtime and a material downsize…
A new quarterly survey by Westpac shows Australian businesses juggling reduced consumer demand and other challenges, though being “well positioned” at this early stage in the calendar year, according to the bank. “Progress on cost inflation is more than offsetting the decline in demand, meaning businesses have fared relatively well and have not yet had…
Manufacturers are giving a “bleak assessment” of conditions, according to the latest quarterly ACCI-Westpac Industrial Trends Survey, though they intend to lift investment. The Actual Composite weakened in the latest survey — with results out on Tuesday — down from 53.9 in March to 50.7 in June. This is only just above a break-even result…