Industry Update
AUSTRALIA'S LARGEST CIRCULATING MANUFACTURING MAGAZINE
MANUFACTURING GROWTH “More Australian manufacturers are Technology to drive future manufacturing exporting under the Coalition Government.
Australian manufacturing is set to of infrastructure projects – particularly in New continue its unexpected wave of growth South Wales, and when you view this against a throughout 2018 and beyond, buoyed by by Claire Moffat background of robust global economic growth, unprecedented infrastructure investment the opportunities are there for manufacturing to he FederalAussie Government of the National Manufacturing and a weakened dollar. has prosper.” a vision to meld high level
For every $1 of revenue the sector generates, 28 cents comes from abroad. That’s up from 23 cents a decade ago,” says Senator Cash.
Priorities of Space, Defence,
technology with traditional The growth of the manufacturing sector hasRecycling and Clean Energy, Bizarrely, the threat of a global trade war manufacturing to create a “smart been charted by the Ai Group Performance of Medical Products, Food and seems and to have worked in favour of Australian manufacturing” sector. In an Beverage, Resources Manufacturing Index, which peaked in March Technology and Critical Minerals exclusive interview with Industry industry – in the short term at least – by softening toUpdate, a record the highMinister while marking consecutive Processing. for18 Industry, the value of the Aussie dollar. months of and growth. Energy Emissions Reduction “Over the next 12 months
Besa Deda from St.George also sees positives in the manufacturing employment statistics. “Although manufacturing employment as a proportion of the economy as a whole is in a long-term decline, the recent gains are encouraging,” she says, pointing to nearly 10,000 new manufacturing jobs and increasing capital expenditure plans in the sector.
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Angus Taylor, outlined the three the Government will work with Nonetheless, the nation’s reliance on export Besaof Deda is Chief Economist for pillars its integrated manufacindustry to finalise Manufacturing markets has increased in recent years. According turing, energy and emissions Plans for each priorSt.George Bank, and having analysedplan. the data Investment to Minister for Jobs and Innovation Senator Taylor has previously stated ity sector to guide further longis keen to highlight the continuing improvement that manufacturing is an essential termMichaelia investment in Australian Cash: “Australia’s access to global One word of warning, though, comes from indriver some ofofthe subindexes of the Australian PMI.manufacturing.” skills, jobs and capability. international markets will be fundamental to financial analyst illion, which noted in its most “It’s particularly encouraging,” she says, “that the “The ability to make things here According to Taylor, if Australia the continued health and success of our local recent Australian Business Expectations Survey new is at a record high.” andorders do itsubindex well is critical to our econ- is strong in those areas then the that one in three manufacturers had reported manufacturing industry. omy and our economic plan.” country will have a sustainable Andfocus, while she cautious about Australia’s The heisexplained, was to manufacturing sector. customers suppliers become insolvent or The Minister for Industry,or Energy and Emissions Reduction Angus Taylor “We export more than $20 Continued on billion page 6 a year continue building oninvolving the success exposure to any trade war China unable to pay them in the preceding 12 months,
and the USA, Besa Deda points to a combination of factors fuelling the growth of the manufacturing sector. “There’s a bulging pipeline
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