Dynamic Business Logo
Home Button
Bookmark Button

Made in Australia declines

A survey conducted by the Australian Industry Group and PricewaterhouseCoopers has shown a decline in Australian manufacturing due to the reduction in demand for goods domestically and overseas.

The survey took in responses regarding December activity, recording a fall for the seventh straight month. However, the rate of decline for December has slowed compared with November’s results.
The results indicated that measures such as lower official interest rates and heightened government spending, including the Federal Government’s $10.4 billion economic stimulus, had not yet affected demand for Australian manufactured goods.
PricewaterhouseCoopers spokesperson Graeme Billings, global leader of industrial manufacturing, says the results bode ill for the sector: “While wages and input cost growth have eased, selling price growth has also weakened.”

What do you think?

    Be the first to comment

Add a new comment

Adeline Teoh

Adeline Teoh

Adeline Teoh is a journalist with more than a decade of publishing experience in the fields of business, education, travel, health, and project management. She has specialised in business since 2003.

View all posts