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New Zealand manufacturing industry contracts to lowest level of activity since 2022

New Zealand’s manufacturing sector slipped further into contraction territory in June, dragged by lower rates in production and new orders.

Australian industry slips further into contraction over fall in new orders

The Ai Group Australian Industry Index slumped further in March as the industry sees a fall in demand, while the manufacturing sector rebounded led by improvements in the chemicals and food & beverage sectors. 

Australian manufacturing PMI enters contraction territory in March

Australia’s manufacturing sector saw a mild decline in March, due to lower market demand that reduced output and inventory levels, marking the first PMI contraction since May 2020. 

Additive manufacturing, material market could surpass $183b by 2032 – report says

The market for additive manufacturing (AM) and materials could reach USD 183 billion (AUD 275 billion) by 2032, a 21.2 per cent spike in CAGR, as a result of the growing popularity of 3D printing, according to a market report from Future Market Insights.

US private sector’s output drives fastest uptick in business activity in a year

The United States private sector saw a renewed expansion in business activity in March as manufacturers and service providers in the country reported upturns in output, with service sector firms driving the increase. 

Australian private sector activity dragged down by low business activity in March

Australian private sector’s output slumped in March following a deterioration in demand conditions that led to lower business activity. 

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. 

Global Manufacturing PMI’s decline eases in January— JP Morgan

Global manufacturing output and new orders have shown slower contraction in the first month of 2023, resulting in a 49.1 PMI score in January, up from December’s 48.7 rating. 

UK car production slumps, while EV manufacturing surges in 2022

The latest result rounds off a volatile year for UK car production, with output down by 17.9 per cent in the month after growth in October and November, with most of the year’s volume loss occurring in the first half. 

Australia’s unemployment rate in December remains flat at 3.5%

Australia’s unemployment rate remained at 3.5 per cent in December 2022 in line with the updated results for November, according to the ABS.

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