Restrictions destroying what is left of business confidence says Ai Group CEO

“The ever tightening state government Covid restrictions are strangling what is left of business confidence and are likely to push Australia back into recession,” said Innes Willox, Chief Executive of the national employer association Ai Group. “With around 70% of our domestic economy subjected to a variety of draconian curfews, lockdowns, border closures, enforced business […]

16/08/2021 - 14:22 pm

Australian PMI – Manufacturing expands again in May

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) edged 0.1 points higher to 61.8 in May, indicating an eighth consecutive month of recovery following the severe disruptions of Covid-19 in Q2 of 2020 (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). The May […]

15/06/2021 - 20:18 pm

Australian PMI: Manufacturing goes from strength to strength 

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) increased by a further 1.8 points to 61.7 in April, indicating a seventh consecutive month of recovery from the severe disruptions of Covid-19 in Q2 of 2020 and the index’s highest monthly result since March 2018. It is the third highest rate of growth […]

11/05/2021 - 18:34 pm

Kito results for 2020 show steady recovery

In the last quarter of Kito’s financial year which ended March 2021 the company has reported that demand has recovered to the same level as the previous year despite Covid infection rates increasing. Effort was focused on profit and cash generation with cost controlled across board. Sales in Q4 were up 1.6% on 2020 and […]

11/05/2021 - 17:38 pm

Forklift sales boom in Australia

Data released by NAB (National Australia Bank) shows businesses across Australia are purchasing new equipment and vehicles in record numbers as companies embrace the strongest market conditions seen in years. Following 2020 where businesses across the globe were forced to ‘pivot’ their business through the pandemic, this year, Australian businesses are investing to build on […]

19/04/2021 - 20:26 pm

Australian PSI reports a stronger month of recovery in February

The Australian Industry Group Australian Performance of Services Index (Australian PSI) rose 1.5 points in February to 55.8 – the highest monthly result since June 2018 – with the recovery following the Covid-19 recession of 2020 gaining in strength (results above 50 points indicate expansion, with the distance from 50 points indicating the strength of […]

05/03/2021 - 12:45 pm

Australian PMI Manufacturing recovery strengthens in February 2021

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) increased by 3.5 points to 58.8 in February 2021, with the stronger pace of recovery delivering the index’s highest monthly result since March 2018 (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). Ai Group chief […]

01/03/2021 - 13:10 pm

Australian Manufacturing stabilises in November

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) declined by 4.2 points to 52.1 in November, indicating expanding conditions but at a slower rate than in October (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). Ai Group chief executive Innes Willox said, “The […]

02/12/2020 - 13:21 pm
Dr Lars Brzoska

Jungheinrich long-term strategy to focus on sustainability, profitability and efficiency

Jungheinrich’s new plans highlight sustainability, profitability and efficiency as the driving forces for the next five years and beyond. The new strategy focused on business objectives including: A sales target of over €5 billion for 2025 including potential merger and acquisition activities. Organic revenue is expected to exceed €4.6 billion, based on an annual growth […]

30/11/2020 - 12:48 pm

Australian PBI reports business conditions slump again in August

The Australian Industry Group Australian Performance of Business Index (Australian PBI) fell by 2.1 points to 42.6 in August, pointing to a further contraction in activity and at a faster pace than in July as renewed activity restrictions and border closures took effect (results below 50 points in the Australian PBI indicate deteriorating business conditions, […]

07/09/2020 - 08:39 am

New Issue

LHA July/August 2021

In this month's issue