Manufacturing growth ends with ‘further slowing increasingly likely’: Ai Group

After expanding for almost all of 2022, manufacturing fell into slight contraction in August, according to Australian Industry Group’s Performance of Manufacturing Index. The monthly survey has shown results indicating growth every month since January, which was impacted by an outbreak of the Omicron Covid-19 variant over the summer. August’s 49.3 represented a fall of…

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ASDAM emerges as Australian owned defence manufacturing powerhouse

By Peter Roberts Two of the veterans of the Australian venture capital industry have increased their footprint in defence manufacturing with their majority owned ASDAM advanced manufacturing business moving to take over another two Australian defence suppliers. CPE Capital, founded by industry pioneers, former Austrade boss Bill Ferris, and Joe Skrzynski, have been investing in…

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