The Manufacturing Industry is experiencing its longest run of expansionary readings since 2010, and the strong demand for locally produced goods should help it strengthen further in 2016.
The PMI declined marginally by 0.6 points to 51.9 in December, however it remained above the crucial 50 mark that shows that activity is rising. With export growth solid and production, sales and new orders are on all on the rise, there is now a very good base from which manufacturers can launch a prosperous new year.
Innes Willox, Australian Industry Group’s CEO, was satisfied with the results and this outlook for the year should be good news for labour hire in 2016. “It is a welcomed turnaround for the manufacturing sector, which has been in the doldrums for much of the past five years” he stated.
According to Manufacturing Australia, companies are recommended to invest in staff training and development as well as take advantage of global opportunities in order to increase productivity. Let Strategy One assist you to take the stress out of recruiting so you have more time to manage your business!