The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) fell 4.8 points to 58.3 in April 2018, indicating a slower – but still buoyant – rate of expansion following March 2018’s record high (readings above 50 indicate expansion in activity, with the distance from 50 indicating the strength of the increase).
Drivers in suburbs across Melbourne will get less congested, more reliable roads, with the Victorian Government to make the biggest investment in suburban roads in Victoria’s history.
“The latest annual Ai Group pre-Budget survey of Australian businesses has found that reducing the high company tax burden is the highest priority for business in the 2018-19 Federal Budget, ahead of infrastructure spending and measures to address current and future skills shortages,” Australian Industry Group Chief Executive, Innes Willox, said.
The Australian Workers’ Union has welcomed the decision to lift the Northern Territory’s ban on fracking, but has urged the NT Government to guarantee any onshore shale gas extracted will stay in the country to support Australian jobs and households.
The Australian Industry Group welcomes the decision by the Northern Territory Government to lift its moratorium on hydraulic fracturing for onshore gas.
NT Chief Minister Michael Gunner announced the Northern Territory Government had accepted all 135 recommendations of the independent fracking inquiry.
In its 2018-19 pre-budget submission, the Property Council has called on the State Government to let the property industry grow WA with nine key initiatives to create jobs and build strong communities.
Small and medium businesses’ (SMBs) confidence in the manufacturing industry rose 20 points in the previous quarter, to a net score of +55 – the highest confidence level recorded since 2008. This is according to the latest Sensis Business Index (SBI) survey.
Santos welcomes the Northern Territory Government’s decision to implement the prerequisite conditions for recommencement of onshore gas exploration by the end of 2018.
Jemena has welcomed the Northern Territory Government’s decision to lift the moratorium on hydraulic fracturing, following an extensive, independent, and robust 18-month inquiry which found the risks associated with unconventional gas development can be mitigated to acceptable levels or removed entirely.