Australian manufacturing PMI ends 2023 with continued downturn – Judo Bank
Contractionary conditions in the Australian manufacturing sector persisted to the end of 2023 as domestic and global demand continued to decline, according to the latest Purchasing Manager’s Index (PMI) data from Judo Bank.
China’s factory activity shows improvement in December
Market activity in China’s manufacturing sector saw improvement in the last month of 2023, according to the latest Caixin China General Manufacturing Purchasing Manager’s Index (PMI) report.
2024 promises to boost Aussie agricultural exports with new trade agreements
In a positive outlook for the agricultural sector, Australia anticipates another robust year of exports in 2024, fueled by improved market access and tariff rate cuts.
Arovella’s ALA-101 inches toward clinic following key manufacturing achievement
Arovella Therapeutics Ltd, the biotechnology company specialising in iNKT cell therapy, announced that the Good Manufacturing Practice (GMP)-grade lentiviral vector for its lead product, ALA-101, has completed successful manufacturing and quality release testing.
Australia invests additional $110M to cement Hunter Valley as F-35A Sustainment Hub
The Australian Government has doubled its initial investment with BAE Systems Australia to cement the Hunter Valley’s future as the Indo-Pacific hub for the sustainment of F-35 Lightning II aircraft.
Tasmania invests big in skills and training with $285M agreement
The Tasmanian Government has officially joined the recently established National Skills Agreement (NSA), unlocking access to nearly $285 million in Commonwealth funding to support initiatives in the region.
PYC eyes AI-powered drug discovery partnership with Google Cloud
Clinical-stage biotechnology company PYC Therapeutics said it plans to partner with Google Cloud to build custom-designed machine learning models to develop a new generation of precision medicine models.
Manufacturing wrapped up: Trends that shaped the industry in 2023
It is undeniable that 2023 has been a transformative year for the Australian manufacturing sector as it navigates through numerous challenges throughout the year.
Australia’s labour productivity rebounds in Q3, but challenges loom
The Productivity Commission's latest research indicates that Australia's labour productivity, which had been in a prolonged decline, has shown a modest increase of 0.9 per cent in the September 2023 quarter.
CSIRO report: Renewables remain cheapest source as nuclear energy costs skyrocket
Renewables remain the cheapest form of reliable energy in Australia now and to 2030, according to the consultation draft of the 2023-24 GenCost report.
Featured Article
From ship repair to autonomous underwater vehicles: Griffin Industrial’s next chapter with growth capital
Some of Australia’s most critical manufacturing happens where almost no one sees it: inside a fuel tank on a Navy tanker, in a machine shop south of Perth, on a workshop floor in western Sydney where a team is helping build autonomous underwater vehicles. Griffin Industrial does all three.
