Aug 18, 2017 Last Updated 2:35 PM, Aug 17, 2017

New Entry From the Editor :

Telstra cuts dividend outlook after disappointing FY performance

Telstra cuts dividend outlook …

AusBN - Telstra (ASX:TLS) has revealed its full-year (FY) profit dropped 33...

Contrasting fortunes for Origin and Woodside in FY results

Contrasting fortunes for Origi…

AusBN - Origin Energy has posted a full-year (FY) loss of AUS$2.2 billion a...

Report finds majority of top Australian firms ill-equipped for business in Asia

Report finds majority of top A…

AusBN - A report by think tank Asialink has found that a large majority of ...

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