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Australian Manufacturing Continues Strong Growth

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Australian Manufacturing Grows

Last night I was at the SEMMA (South East Melbourne Manufacturers Alliance) end of year get together at the Nissan Casting Plant in Dandenong. We were celebrating another year of Australian Manufacturing, and in particular Melbourne Manufacturing. The Nissan Casting Plant is a great example of how we can compete globally. Nissan  pulled their car assembly operation out of Australia a long time ago but the casting plant stayed and supplies their world chain.

 

SEMMA

SEMMA

And I was reminded again that not only is Australian Manufacturing not dead yet, it is in fact still growing. Check out this 5 year view of the Australian Performance of Manufacturing Index. 50 represents stable with numbers below 50 meaning it is contracting and numbers above 50 meaning it is expanding or growing.  The trend line is up and it has been expanding since 2015 with only one month where that didn’t happen.

 

Australian Manufacturing PMI 2017

Australian Manufacturing PMI 2017

That is three years of solid growth. So some really good news for the end of 2017 and I expect it to continue into 2018.

 

Successful Endeavours specialise in Electronics Design and Embedded Software Development, focusing on products that are intended to be Made In Australia. Ray Keefe has developed market leading electronics products in Australia for more than 30 years. This post is Copyright © 2017 Successful Endeavours Pty Ltd.

Australian Manufacturing is Growing

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Australian Manufacturing Grows

This month we have the interesting statistic that Australian Manufacturing has grown every single month for the past 12 months. That is a whole year of positive growth. Australian Manufacturing Expansion is a good in my opinion. I know we have been led to believe that Australian Manufacturing is gone with the exit of the car assemblers being the final straw, but the truth is very different. The Automotive Sector only accounts for 5% of Australia’s Manufacturing.

 

Innovation, technology and business expert

Professor Goran Roos

 

In my post on Modern Economies Need Manufacturing I cited some of the work by Professor Goran Roos who has both academic and business experience in making Innovation, Technology and Business work together. His Scandinavian background also means he is familiar with the benefits of collaboration and partnering for commercialisation, something we desperately need to do better here.

 

So Manufacturing Growth is a very good thing. It creates more jobs around it than an other industry and creates that fundamental value the service industry need to lever off. Let’s face it, someone has to do it.

 

Australian Exports Expand

And in addition, Australia has 300 More Exporters. That right, more companies are exporting now that a year ago. The lower Australian Dollar is responsible for some of this, and the better rhetoric at the Federal politics level has certainly helped.

 

AIG

AIG

Here is the Australian Industry Group report on Leading Performance Indicators: AiG-PMI-2016.

 

The average Australian Manufacturing PMI performance over the past 12 months is 52.3 where 50 = staying the same and more than 50 = growing. So measurably growing.

 

Australian Manufacturing PMI June 2016

Australian Manufacturing PMI June 2016

 

So another good month for Australian Manufacturing. And a good thing that is.

 

Successful Endeavours specialise in Electronics Design and Embedded Software Development, focusing on products that are intended to be Made In Australia. Ray Keefe has developed market leading electronics products in Australia for more than 30 years. This post is Copyright © 2016 Successful Endeavours Pty Ltd.