FInancial News

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 […]

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, […]

In a Q2 Industrial and Logistics market update by Colliers International, findings show, “While not immune to the rapidly changing market conditions, the Australian industrial and logistics sector has proven to be resilient so far, underpinned by the exponential growth of e-commerce as well as the reallocation of capital away from other sectors. The pandemic […]

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) rose by 2.0 points to 53.5 in July, indicating a more convincing expansion as Australian manufacturing landed in positive territory for two consecutive months for the first time since October 2019 (readings above 50 points indicate expansion in activity, with higher results indicating a […]

The Australian Industry Group Australian Performance of Business Index (Australian PBI) lifted by 1.8 points to 33.6 in June, pointing to a further contraction in activity in response to the COVID-19 pandemic but at a slightly slower pace than in May (results below 50 points in the Australian PBI indicate deteriorating business conditions, with lower […]

SEEK, a leading Australian employment marketplace, has released figures that indicate that Australia’s job market is making progress, with manufacturing, transport and logistics among the top industries for employment opportunities New job ads posted on SEEK during the fortnight ending 31 May were up 49.2% compared to the April 2020 average. Manufacturing, transport and logistics […]

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) recovered by 5.8 points to 41.6 in May, after experiencing the largest single-month drop in the index’s history in April (readings below 50 points indicate contraction in activity, with lower results indicating a faster rate of contraction). The manufacturing industry remained in deep contraction […]

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 […]

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 […]

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, […]