FInancial News

According to a recent report, China’s manufacturing output in March rebounded from the previous month’s record low. The Caixin China manufacturing purchasing managers index (PMI), which focuses on smaller, private manufacturers, moved into positive territory last month. The PMI is a diffusion index incorporating survey results conducted on manufacturing firms throughout the country. The modest, […]

“Ai Group strongly welcomes the initiatives taken by the Prime Minister and the Government, particularly their backing of small business, and the welcome support of credit and cut in interest rates by the Reserve Bank,” said Innes Willox, chief executive of the national employer association Ai Group. “The measures to facilitate lending to small and […]

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) fell a further 1.1 points to 44.3 in February to its lowest result in almost five years, the first time the index has recorded four consecutive months of contraction since 2014. While the majority of Australian PMI respondents remain concerned about drought, weak demand […]

The Australian Industry (Ai) Group Australian Performance of Manufacturing Index (Australian PMI) dropped 2.9 points to 45.4 in January, a third consecutive month of contraction that marked the lowest monthly result since 2015 (readings below 50 points indicate contraction in activity, with the distance from 50 indicating the strength of the contraction). January is traditionally […]

The Australian Industry Group’s latest CEO survey predicts deteriorating economic conditions for 2020 heightening the need for early action to stimulate the broader economy and for a determined effort to lift productivity. Ai Group’s annual Business Prospects report for 2020 is based on a survey of 252 CEOs in late 2019. The results show that […]

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) increased slightly by 0.2 points to 48.3 in December, marking two consecutive months of contraction in the Australian PMI for the first time since mid-2015 (readings below 50 points indicate contraction in activity, with the distance from 50 indicating the strength of the contraction). […]

In 2018 JCB set new records for turnover, machine sales and earnings as global markets for construction equipment and agricultural machinery remained strong, however, this growth has now stalled, with many markets softening this year. UK-based JCB said that its sales turnover in 2018 rose by 22% to £4.1 billion (2017: £3.35 billion), while machine […]

The Australian Industry (Ai) Group Australian Performance of Manufacturing Index (Australian PMI) rose 1.8 points to 53.1 in August, driven by increasing levels of production and rising exports*. Ai Group chief executive Innes Willox said, “Stronger production, sales, and employment combined in a small though encouraging lift in the Australian PMI for August. While it […]

Terex Corporation has announced second quarter 2019 net sales of $1.3 billion, up 4% versus the second quarter of 2018. On an FX-neutral basis, global sales increased 8% compared to the second quarter of 2018. The Terex AWP business segment reported net sales of $870 million, up 2% compared to Q2 2018, or up 5% […]