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Australia’s Economic Complexity Index ranking drops to survey’s bottom third

Australia’s ranking in the world’s Economic Complexity Index (ECI) has plummeted by 12 positions in the past 10 years, placing 93rd out of 133 countries, according to a new report from Harvard Kennedy School. 
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Responding to manufacturing demand and performance signals

Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.