Signals from big manufacturers

Profit results from Australia's manufacturers have reflected subdued operating conditions, and activity continued to contract in August.

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What the big manufacturers are telling your business

With job cuts being announced across many parts of Australia’s manufacturing sector, it’s evident that conditions remain subdued.

Profit results in the latest earnings season reflect the conditions, with a large number of manufacturers reporting earnings falls. Downturns were recorded by the major car and automotive parts manufacturers, building products manufacturers, as well as those involved in areas such as minerals and metals processing.

Manufacturing activity continued to contract across Australia in August, albeit at a slower rate than in July. Indeed, only three out of the 11 manufacturing sub-sectors expanded last month, including miscellaneous manufactures; food and beverages, and wood products and furniture manufacturing …

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