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”.
US researchers looking at extracting hydrogen from rocks
Geologic hydrogen is produced when water reacts with iron-rich rocks, causing the iron to oxidise.
New facility turns plastic waste into low-carbon building materials
Australia's first RESIN8 facility has been opened in Victoria.
Engineers Australia welcomes government’s circular economy initiatives
Engineers Australia says the government's circular economy initiatives aim to create tangible...
