Industrial sector set to grow
Thursday, 10 July, 2003
While news headlines are dominated by war, terrorism, drought and global share market declines, recent figures indicate that the news for local manufacturers isn't all bad.
According to the latest Performance in Manufacturing Index (PMI), which is monitored by the Australian Industry Group and PriceWaterhouseCoopers, the Australian manufacturing sector can look forward to a modest growth of 4.2% - up from 3.6% in the 2001/2002 financial year.
This fares well against similar forecasts for manufacturers in other regions. Those in the US can expect a rise of just 2.1% followed by the UK at 1.2%, with just a 0.5% growth predicted for manufacturers in Japan and Europe.
Mount Thorley Warkworth mine extension approved
Rio Tinto has been given the go-ahead on its planned Mount Thorley Warkworth mine extension by...
Researchers increase pipeline oil flow with electric fields
Researchers have discovered that oil flow in pipelines can be smoothed by applying a strong...
Australian company TSG Consulting launches new services and technology
Australian advanced analytics company TSG Consulting is responding to growing demand for...
