• Home
  • Site Map

VICTORIA - - Braeside (03) 9587 2212 - - Preston (03) 9480 1566 NEW SOUTH WALES - - Glendenning (02) 9099 1149 QUEENSLAND All Torque ETA - - Rocklea (07) 3274 2677
facebook
linkedin
rss
twitter

  • Home
  • All Torque?
  • Our Range
  • Our Capability
  • Resources
  • The Talk
  • Videos
  • Contact



Performance of Manufacturing Index (PMI) – June

July 03, 2014
by damian
ai group, performance of manufacturing index, pmi, pwc
Comments are off

The Performance of Manufacturing Index (PMI) result for June has just been released by PriceWaterhouseCoopers and Australian Industry Group, with a 48.9 being recorded.  This is the eighth consecutive monthly contraction.

Rising Dollar Still a Concern

Remaining firmly above the US$0.90 mark (US$0.94), the Australian dollar’s strength has dampened the sharp rise witnessed to the PMI in May, albeit remaining below the breakeven result of 50.pmi june

Individual Sub-Sector Performance

The food and beverage sub-sector remains the shining star of the entire manufacturing sector, recording an expansionary 52.5 after an unexpected contraction in April.

Wood and paper products also expanded, following on from a similar positive result for the previous month.

All other sub-sectors recorded a contraction for June, including those that had expanded in May (Petroleum, coal, chemicals and rubber products, Non-metallic minerals, and Textile, clothing and other goods).

Once again there is a continued gulf between input costs and selling prices, which remains unsustainably high.

Possible Future Expansion?

Much has been made of the impending cessation of the carbon tax, with it’s removal expected to increase the competitiveness of local manufacturers.  This is especially the case where local manufacturers are competing directly with importers.  However, any result is still many months down the track.

To download a two-page précis of the report, click here…PMI June 2014

 

 

 

 

Social Share
  • google-share

Recent Posts

  • Power Transmission – Queensland, New South Wales, and Victoria
  • Flender N-Eupex Design and Functions
  • Flender N-Eupex Coupling Assembly
  • Flender National Distributor
  • Telcomec Electromagnetic Clutches

All Torque on Facebook

All Torque on Facebook

Subscribe to The Talk via Email

Enter your email address to subscribe to receive notifications of updates by email.