May 20, 2018 Last Updated 7:58 AM, May 18, 2018

New Entry From the Editor :

Australian lithium miner secures three-year supply deal with Tesla

Australian lithium miner secur…

AusBN - Tesla has entered a three-year lithium supply deal with Australian ...

Nearly half of Australia’s big businesses shifting to renewables

Nearly half of Australia’s big…

AusBN - A new report by the Climate Council has found that 46% of Australia...

Australia to introduce blockchain technology for international trade management

Australia to introduce blockch…

AusBN - Australia’s Department of Home Affairs (DHA) is considering a...

Manufacturing growth continues into sixth consecutive month

plantAusBNAusBN - Australia’s manufacturing industry has hit a sixth consecutive month of growth in March, although increasing energy prices slowed the pace of growth in the sector.

The Australian Industry Group performance of manufacturing index (AiGPMI) fell by 1.8 points to 57.5 during March, but remained well beyond the 50 points mark, which indicates industry growth.

Key growth areas included the food and beverages, machinery and equipment, metals products, and non-metallic minerals sectors.

The Ai Group also revealed that rising sales, production, employment and exports had also boosted overall factory activity.

Ai Group chief executive Innes Willox said: “With new orders also growing strongly, the immediate outlook is for further and very welcome expansions in the manufacturing sector.”

However, Willox also warned the industry is yet to fulfil its full potential, with uncertainties over energy affordability, security and sustainability beginning to loom over the national manufacturing industry.

@AusBNOnline

This Month's Issue

v3i2 cover web

Subscribe

rgn web banner

abn web banner