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

Terex AWP excited about growth in Asia-Pacific

Terex Corporation has announced second quarter 2019 net sales of $1.3 billion, up 4% versus the second quarter of 2018. On an FX-neutral basis, global sales increased 8% compared to the second quarter of 2018. The Terex AWP business segment reported net sales of $870 million, up 2% compared to Q2 2018, or up 5% […]

29/07/2019 - 22:49 pm

New Issue

LHA Summer 2023

In this month's issue