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Australian manufacturers to face enduring cost crisis in 2023

The Australian manufacturing sector is set to see a downward trend in the upcoming months as high inflation, spiralling energy costs, and ongoing labour shortage drag the industry's economic outlook, according to the latest ACCI-Westpac Survey of Industrial Trends. 

ACCI: Wages soar by 3.6% in private labour sector

The private sector wage bill has increased by 3.6 per cent in 2022 with businesses delivering the strongest rate of compensation rise in more than a decade, according to a media release by the Australian Chamber of Commerce & Industry (ACCI).

Safeguard Mechanism is key towards Australia’s net zero goals— ACCI chief

Andrew McKellar, chief executive of the ACCI, highlighted the significance of the passage of Safeguard Mechanism crediting legislation in parliament in achieving Australia’s emissions reduction goals. 

Australian manufacturers’ economic outlook slumps in December

The outlook for Australia’s manufacturing sector has taken a dive in December following a sharp decrease in industry output, according to the latest Industrial Trends Survey conducted by Westpac and the Australian Chamber of Commerce and Industry (ACCI). 

McKellar: 50% work bonus increase to boost pensioners’ workforce participation

A 50 per cent increase in the aged pension work bonus is expected to provide greater flexibility for older Australians who want to return...

Industry representative ACCI seeks return of retirees to address workforce shortage

The Australian Chamber of Commerce and Industry (ACCI) said allowing pensioners to return to the workforce could be the answer to the ongoing staff...

Australian manufacturers benefit from sector recovery but face escalating costs

A recent report from the Australian Chamber of Commerce and Industry-Westpac has highlighted impending supply shortages and escalating costs as the major challenges Australian...
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