Global manufacturing PMI remains in contractionary territory at end of 2023
The global manufacturing sector continued to see contractionary conditions in the last month of 2023 as intakes of new business shrunk further, driving production to decline for the seventh consecutive month.
Australia’s private sector sees slower contraction in January, says Judo Bank
At the onset of 2024, Australia's private sector faced continued challenges, with the Judo Bank Flash Australia Composite PMI Output Index reporting a reading of 48.1 in January, indicating a fourth consecutive month of business activity decline.
Australian industry activity sees slower decline in May— Ai Group
The Ai Group’s Australian Industry Index has seen a moderated contraction in May 2023 and now stands at -10.9 points, up by 9.3 from April’s steep fall, signalling deteriorating conditions in the market and the 13th month the index has been in contraction.
Sparc Technologies secures nearly $1 million in R&D tax refund
Australian graphene production company Sparc Technologies has received a $934,195 research and development tax refund as part of the Australian government’s R&D tax incentive, relating to the 2022 financial year.
Orora reports significant increase in earnings with underlying EBIT up by 12.3%
Sustainable manufacturer Orora Beverage announced its full-year financial results, with strong performance increases to underlying earnings before interest and tax (EBIT) of $320.5 million, up 12.3 per cent.
Aussie manufacturing PMI re-enters contractionary territory in February – Judo Bank
Market conditions in Australia’s manufacturing sector deteriorated in February due to sharper falls in output and volumes of outstanding business amid a quicker decline in new orders.
Nightingale equips Blackbird drone with AWS AI systems
Drone manufacturing company Nightingale Intelligent Systems has ventured into a partnership with Amazon Web Services (AWS) to integrate the Blackbird Security Drone sensor data with AWS systems to create a highly advanced data analytics platform for intrusion detection, navigation, and life-safety use cases.
PPK Group acquires interest in lithium battery manufacturer PowerPlus Energy
PPK Group Limited, a technology incubation and commercialisation, has completed the acquisition of majority interest in PowerPlus Energy (PPE), Australia’s largest privately-owned lithium battery manufacturer.
Global manufacturing PMI remains in contraction in September— JP Morgan
The JP Morgan Global Manufacturing Purchasing Managers’ Index (PMI) remained in the contraction territory at the end of the year’s third quarter, posting a 49.1 rating in September up from August’s 49.0.
DroneShield sees 2022 revenue spike to 60%
ASX-listed DroneShield has released its 2022 annual report, with another record year of revenue up by 60 per cent to $16.9 million.
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“New Starts Here”: AGHA launches national platform for gift and homewares
Australia’s peak organisation for the gift and homewares sector, the Australian Gift & Homewares Association (AGHA), has revealed plans for a major expansion in 2026, introducing Gifted Melbourne 2026 to complement the long-established AGHA Sydney Gift Fair.
