Monthly Archives: March 2019

“Production, sales, exports and employment all gained ground” – best result for manufacturing in five months

The Australian Industry Group Performance of Manufacturing Index has recorded its best result since October, with February’s PMI coming in at 54, an increase of 1.5 from January.

Austal powers ahead on faster orders

Perth shipbuilder Austal (ASX: ASB) has rapidly bosted turnover and sales on the back of accelerating construction of combat ships for the US Navy. Austal said in a statement that revenue for the first half of 2019 was up 31 per cent to $851.5 million. Earnings before interest and tax (EBIT) was up 52 per…