December 4, 2015
The Australian PMI expanded for a fifth month in November, rising 2.3 points to 52.5; readings above 50 indicate expansion in activity, the distance from 50 indicating the strength of the increase. This result continued the longest run of expansionary readings since 2010. Five of the eight manufacturing sub-sectors expanded (that is, they were above 50 points in three-month moving averages): wood & paper products (up 3.2 points to 67.2); textiles, clothing, footwear, furniture & other (down 4.9 points to 52.0); petroleum, coal, chemical & rubber products (down 0.1 point to 57.4); non-metallic mineral products (up 5.4 points to 58.0); and food & beverages (up 2.7 points to 52.4). However, the machinery and equipment (down 1.9 points to 43.1), metal products (up 0.9 points to 49.0), and very small printing & recorded media (up 1.0 point to 47.6) sub-sectors all remained in contraction. Of the seven activity sub-indexes, only stocks fell below 50 points (down 3.3 points to 47.6). New orders (up 3.3 points to 53.2) and sales (up…
December 4, 2015
The Melbourne-based company, which specialises in hi-tech tool and cutter grinders, was also named the winner in the Manufacturing category. Co-founder and Director Pat Boland accepted the awards on behalf of ANCA. Trade and Investment Minister Andrew Robb made the announcement at the awards ceremony held to honour the achievements of Australian businesses in international markets. “ANCA has been a leader in its field for 40 years and in that time it has significantly expanded its export markets and is on track for a record year of growth,” said Robb. “They’ve hired 160 new employees to meet the increasing demand for their products, and are proof that Australia has a very healthy future manufacturing high-quality and innovative products.” ANCA exports 98% of its products to customers such as Boeing, Sandvik and Rolls Royce. ANCA machines are used to make tools that are used to make products such as planes, cars, smart phones and medical products. On receiving the major award, Boland thanked the team at ANCA and his co-founder Pat…
