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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. 

Industry sets a path for net zero, new reports say

In a series of new reports released today, a group of Australia's emissions-intensive businesses and associated players identify a potential route to decarbonise heavy industry.

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). 

Small businesses are optimistic despite employment woes

Westpac has released a new report which found that the favourable market conditions and boost in infrastructure spending has left small businesses feeling optimistic...

Manufacturing SMBs forced to ‘sacrifice their wellbeing’ over Christmas due to work demands, according...

A new report conducted by Westpac in collaboration with Deloitte Access Economics, has found that small businesses in the manufacturing sector are making "lifestyle...

Report shows positive outlook for small manufacturers despite sharp fall in SME confidence

Westpac has released its Westpac-Melbourne Institute SME Index which shows business pressures have contributed to a sharp fall in SME confidence. The Westpac-Melbourne Institute SME...

Westpac names 200 outstanding Australian businesses

Westpac has announced its 200 Businesses of Tomorrow; an exceptional line-up of Australian businesses that have demonstrated a clear vision to shape the country’s...

Westpac Group brings mobile banking to your wrist with new Apple Watch

Westpac and its subsidiary St.George will be among the first banks in the world to provide their customers with mobile banking at the touch...

Tasmanian economy moving forward, report has found

Australian bank and financial services provider Westpac has released a report on Tasmania’s economy which showed positive trends in the state’s employment and housing...

Lower Australian dollar gives impetus to industry

Rising building activity and a sustained depreciation in the Australian dollar has provided Australian manufacturing with a much needed boost after years of being...

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