FInancial News

Konecranes operates a crane and component factory in Zaporizhzhia, in the south-eastern part of Ukraine. The factory is one of the Industrial Equipment supply factories for crane components and a crane manufacturing unit for Eastern Europe deliveries. It also offers extra capacity for Konecranes’ western crane deliveries specialising in large steel structures. In addition, Konecranes […]

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) rose by 4.4 points to 54.8 in November – the first month of improvement following three months of flat results for the Australian PMI (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). All activity indexes […]

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) eased by 0.4 points to 51.2 in September, indicating a weaker rate of expansion across manufacturing and effectively stalling a solid period of recovery since late 2020 (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). […]

“The ever tightening state government Covid restrictions are strangling what is left of business confidence and are likely to push Australia back into recession,” said Innes Willox, Chief Executive of the national employer association Ai Group. “With around 70% of our domestic economy subjected to a variety of draconian curfews, lockdowns, border closures, enforced business […]

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) edged 0.1 points higher to 61.8 in May, indicating an eighth consecutive month of recovery following the severe disruptions of Covid-19 in Q2 of 2020 (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). The May […]

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) increased by a further 1.8 points to 61.7 in April, indicating a seventh consecutive month of recovery from the severe disruptions of Covid-19 in Q2 of 2020 and the index’s highest monthly result since March 2018. It is the third highest rate of growth […]

In the last quarter of Kito’s financial year which ended March 2021 the company has reported that demand has recovered to the same level as the previous year despite Covid infection rates increasing. Effort was focused on profit and cash generation with cost controlled across board. Sales in Q4 were up 1.6% on 2020 and […]

Data released by NAB (National Australia Bank) shows businesses across Australia are purchasing new equipment and vehicles in record numbers as companies embrace the strongest market conditions seen in years. Following 2020 where businesses across the globe were forced to ‘pivot’ their business through the pandemic, this year, Australian businesses are investing to build on […]

The Australian Industry Group Australian Performance of Services Index (Australian PSI) rose 1.5 points in February to 55.8 – the highest monthly result since June 2018 – with the recovery following the Covid-19 recession of 2020 gaining in strength (results above 50 points indicate expansion, with the distance from 50 points indicating the strength of […]

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) increased by 3.5 points to 58.8 in February 2021, with the stronger pace of recovery delivering the index’s highest monthly result since March 2018 (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). Ai Group chief […]