Tag: economy
Australian industries see easing in supply chain pressures in August— Ai Group
Supply chain pressures continue to ease for Australia’s industrial sectors, with the Ai Group Industry Index posting an increase of 3.1 points in August to -11.6.Â
Global manufacturing PMI reports slower contraction in August
The global manufacturing sector remained in contraction in August, albeit at a slower pace, as rates of contraction ease for output and new orders, according to J.P. Morgan.Â
Australian manufacturing PMI remains unchanged in August— Judo Bank
The Australian manufacturing sector continued to contract in August at a rate similar to July's, with the headline seasonally adjusted Judo Bank Australian Manufacturing PMI posting the same result of 49.6.Â
New Zealand manufacturing contracts further in July— BusinessNZ PMI
BusinessNZ Performance of Manufacturing Index (PMI) posted a 46.3-point rating in July, indicating further contractionary conditions in the New Zealand manufacturing sector.Â
Victoria-based Bremar partners with Core Additive to bring 3D printing to more local businesses
Core Additive, a leading Markforged reseller in Australia, has partnered with Bremar Automation to provide onshore 3D printing solutions to Victorian businesses and help scale the state’s local manufacturing capabilities.Â
Nyrstar claims $1.7b contribution to the Australian economic value in 2022
Nyrstar Australia has presented its Economic Value Report Summary for 2022, valuing the previous calendar year's benefit to the Australian economy at $1.7 billion.
Australian industry slips further into contraction in July, says Ai Group
The Ai Group Australian Industry Index posted a rating of -14.7 points in July, indicating contractionary conditions and marking the index’s 15th month in the negative territory.Â
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.Â
Public comments sought to update Australia’s critical minerals list
The Department of Industry, Science and Resources is seeking public feedback on updating Australia’s critical minerals list after the Critical Minerals Strategy 2023-2030 was released last month.Â
WA gov’t grants Pacific Energy $2.4m to bolster manufacturing, economic diversification
Western Australia Premier Roger Cook has visited Pacific Energy's Perth Airport manufacturing facility to grant the company up to $2.4 million in funding on behalf of his government's Investment Attraction Fund.
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