The Australian manufacturing sector expanded for the seventh consecutive month in April, according to a key index.
The Australian Industry Group Australian Performance of Manufacturing Index (PMI) climbed 1.7 points to 59.2 for the month of April. (readings above 50 indicate expansion in activity, while those under 50 correlate with contraction).
Australian manufacturing has recorded both a ninth straight month of growth and the best monthly expansion since April 2004, according to the Australian Industry Group’s Performance of Manufacturing Index survey results.
The sector “surged” in March, notes the Ai Group, with the overall PMI up 4.6 points to 58.1. Help us understand how this trend is impacting your business by completing our two minute survey.
We see emerging trends in engineering graduates lacking passion to apply their qualifications in an engineering career and employers only seeking graduates culturally aligned with the Australian workplace.
The China-Australia Free Trade Agreement (ChAFTA) was signed on the 17th June 2015, and is predicted to unlock significant opportunities for Australia – China is already our largest export market.
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