Manufacturing activity is back in contractionary territory, according to the quarterly ACCI-Westpac Survey of Industrial Trends, reflecting “broad-based softness across output, new orders and [the] labour market”. According to a statement from the Australian Chamber of Commerce and Industry on Tuesday, the Actual Composite result in the survey slipped from 51.5 in Q2 to 48.8…
The quarterly ACCI-Westpac Survey of Industrial Trends has shown the manufacturing industry “showing signs of recovery” and a result indicating “gradual gains in new orders and stable, positive output growth.” According to a statement from the Australian Chamber of Commerce and Industry on Tuesday, sentiment appears to be “improving following the gloom of the past…
The Westpac-Australian Chamber of Commerce and Industry survey of Industrial Trends shows a worsening in conditions for manufacturers in the year’s first quarter, and an outlook moving “deeper into pessimistic territory”. A summary reads that the quarter brought a “decline in new orders, a fall in output, a reduction in overtime and a material downsize…
Manufacturing industry sentiment has fallen to levels not seen since the Global Financial Crisis, according to the ACCI-Westpac Survey of Industrial Trends for the September quarter. Released on Tuesday morning, the survey showed a decline in new orders, a net five per cent of manufacturers reducing headcount, and a net 35 per cent of manufacturers…