Manufacturing sector shrinks for third straight month
Australia’s manufacturing sector shrank for the third straight month and the federal government is being urged to use its May budget to boost the economy.
Manufacturing declined by 3.6 points in February to 45.4 - well below the 50 level that separates expansion from contraction - according to the Australian Industry Group’s performance of manufacturing index on Monday.
Ai Group Chief Executive Innes Willox said it was important that the government used its May budget to boost domestic activity, “including by delivering on the commitment to cut the company tax rate to 28.5% for all companies”.
Fortescue launches its first US green hydrogen production facility
The first of Fortescue's planned green energy investments in North America, Arizona Hydrogen,...
Recyclable circuit board turns to jelly for disassembly
Researchers have developed a new PCB that performs on par with traditional materials and can be...
Schneider Electric launches all-in-one battery system for microgrids
Schneider Electric's battery energy storage system (BESS) is designed to be the foundation...
