Jun 24, 2018 Last Updated 1:01 PM, Jun 14, 2018

New Entry From the Editor :

Australian billionaires Rinehart and Forrest put Atlas Iron in spotlight with share deals

Australian billionaires Rineha…

AusBN - Gina Rinehart’s Redstone Corporation has reportedly purchased...

Australian GDP growth rate hits two year high on increasing mining exports

Australian GDP growth rate hit…

AusBN - Australia’s GDP growth rate has reached a two year high of 3...

Fortescue to construct $1.7 billion mine as WA approaches fresh mining boom

Fortescue to construct $1.7 bi…

AusBN - Fortescue Metals Group has confirmed it will build a new large-scal...

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