Australia’s manufacturing sector is declining at a record rate.
Manufacturing is continuing to decline.
The manufacturing sector is declining and in the worst position in three years.
Business investment declines counter to all desires of the RBA.
Holden workers struggle to find work years after industry closure.
#Economy #Recession #HeiseSays US Manufacturing orders fall while the S&P 500 reaches an all-time high. References Wall Street closing at a record-high prompts warnings that it could be another false dawnhttps://mobile.abc.net.au/news/2019-11-03/green-shoots-emerge-global-economy-not-for-first-time/11664014
Australia #Technology #HeiseSays Australia claims to be an innovative nation while having a very primitive economy. References Is Australia an innovation nation or beneficiary of dumb luck? https://mobile.abc.net.au/news/2019-11-02/australia-rich-and-dumb-or-an-innovation-nation/11657984?section=business
#Germany #Recession #Manufacturing Germany’s manufacturing sector is in recession. References ASX to fall, European stocks fall as German manufacturing recession deepens https://www.abc.net.au/news/2019-09-24/wall-street-european-markets-germany-manufacturing-recession/11541368?section=business
#Recession #Manufacturing #Australia The Commonwealth Bank Manufacturing PMI is showing that Australia’s manufacturing sector continues to slow down. Not a good sign. https://youtu.be/7SgKDKXmHYs References Manufacturing slowdown continues in Augusthttps://www.commbank.com.au/content/dam/commbank/assets/corporate/research/pmi/manufacturing_pmi-aug-2019.pdf
#Nissan #Recession #Manufacturing Nissan has cut globally cut 10,000 jobs. Another sign of global manufacturing slowing down which will have an understandable impact on the Australian economy. References Nissan to Deepen Job Cuts to 10,000 Worldwide, Kyodo Sayshttps://www.bloomberg.com/news/articles/2019-07-23/nissan-to-cut-an-additional-5-200-jobs-globally-kyodo-reports