Jun 23, 2017 Last Updated 8:22 AM, Jun 23, 2017

New Entry From the Editor :

WA government bans future uranium mine leases, excludes four existing projects

WA government bans future uran…

AusBN - The Western Australian government has imposed a ban on future urani...

CIMIC group awarded $2.8b Sydney Harbour tunnel contract

CIMIC group awarded $2.8b Sydn…

AusBN- International construction giant CIMIC Group will soon begin work on...

Rio Tinto recommences exploration in Mongolia looking for next Oyu Tolgoi

Rio Tinto recommences explorat…

AusBN - Rio Tinto (ASX,LSE:RIO) has begun a new exploration programme in Mo...

Manufacturing grows for sixth consecutive month

cars1AusBN – Australia’s manufacturing industry grew for a sixth consecutive month in December, marking the longest unbroken run of growth since 2010.

The Australian Industry (Ai) Group’s Performance of Manufacturing Index slipped by 0.6 points to 51.9, but in staying above 50 this indicates expansion.

Peter Burn, Ai Group’s head of policy, said the result was “encouraging” but that it will still take some time for the sector to recover fully.

Manufacturing sectors including food, rubber, wood and paper products expanded, but these gains were somewhat offset by a continuing slowdown in mining and infrastructure projects.

“We pay wages which are comparable to say Germany, which has a very strong manufacturing sector, and we have looked for gains in productivity that underwrite those high wages and allow us to be competitive at these wages,” Burn added.

“These investments in innovation take a long time to bear fruit but we’re starting now. It is very encouraging and it is quite critical not just to manufacturing, but a whole range of activities in our economy.”

@AusBNonline

This Month's Issue

AusBN Vol3 Iss1

Subscribe

rgn web banner

abn web banner