Jungheinrich Q1 results hold-up despite difficult market

Jungheinrich’s quarterly result for the first quarter of 2020 show that in the first three months of the year incoming orders were of the same level value as the previous year. Incoming orders by unit fell by 3% compared to the same period last year, while the global market for material handling equipment fell by […]

11/05/2020 - 13:45 pm

Konecranes reports global impact on business

Konecranes first quarter results reflect that the worldwide demand picture remains subject to significant volatility. Due to the Coronavirus (COVID-19) pandemic, the demand environment within the industrial customer segments is deteriorating in Europe and North America compared to Q1. While China is showing early signs of improving demand conditions from early 2020, demand environment in […]

29/04/2020 - 07:53 am

Report shows China’s factory activity is stabilising

According to a recent report, China’s manufacturing output in March rebounded from the previous month’s record low. The Caixin China manufacturing purchasing managers index (PMI), which focuses on smaller, private manufacturers, moved into positive territory last month. The PMI is a diffusion index incorporating survey results conducted on manufacturing firms throughout the country. The modest, […]

09/04/2020 - 12:14 pm

Credit support and RBA rates cuts welcome

“Ai Group strongly welcomes the initiatives taken by the Prime Minister and the Government, particularly their backing of small business, and the welcome support of credit and cut in interest rates by the Reserve Bank,” said Innes Willox, chief executive of the national employer association Ai Group. “The measures to facilitate lending to small and […]

19/03/2020 - 13:01 pm

Australian PMI®: Drought, bushfires and coronavirus compound manufacturing slowdown

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) fell a further 1.1 points to 44.3 in February to its lowest result in almost five years, the first time the index has recorded four consecutive months of contraction since 2014. While the majority of Australian PMI respondents remain concerned about drought, weak demand […]

02/03/2020 - 18:06 pm

Australian PMI: Manufacturing stumbles into 2020

The Australian Industry (Ai) Group Australian Performance of Manufacturing Index (Australian PMI) dropped 2.9 points to 45.4 in January, a third consecutive month of contraction that marked the lowest monthly result since 2015 (readings below 50 points indicate contraction in activity, with the distance from 50 indicating the strength of the contraction). January is traditionally […]

05/02/2020 - 10:40 am

Action needed to address a slowing economy

The Australian Industry Group’s latest CEO survey predicts deteriorating economic conditions for 2020 heightening the need for early action to stimulate the broader economy and for a determined effort to lift productivity. Ai Group’s annual Business Prospects report for 2020 is based on a survey of 252 CEOs in late 2019. The results show that […]

29/01/2020 - 16:09 pm

Australian PMI: Manufacturing downturn adds weight to calls for fiscal stimulus

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) increased slightly by 0.2 points to 48.3 in December, marking two consecutive months of contraction in the Australian PMI for the first time since mid-2015 (readings below 50 points indicate contraction in activity, with the distance from 50 indicating the strength of the contraction). […]

06/01/2020 - 11:36 am

Growth Stalled after JCB’s Record Results for 2018

In 2018 JCB set new records for turnover, machine sales and earnings as global markets for construction equipment and agricultural machinery remained strong, however, this growth has now stalled, with many markets softening this year. UK-based JCB said that its sales turnover in 2018 rose by 22% to £4.1 billion (2017: £3.35 billion), while machine […]

05/09/2019 - 12:18 pm

Positive start to new financial year for manufacturing

The Australian Industry (Ai) Group Australian Performance of Manufacturing Index (Australian PMI) rose 1.8 points to 53.1 in August, driven by increasing levels of production and rising exports*. Ai Group chief executive Innes Willox said, “Stronger production, sales, and employment combined in a small though encouraging lift in the Australian PMI for August. While it […]

03/09/2019 - 07:45 am

New Issue

LHA May/June 2020

In this month's issue