The Australian Financial Review today reported on the gloomy outlook for manufacturing. www.afr.com.au
| "First it was trouble in the car industry, when lay-offs and a loss of contracts to low-cost countries set off alarm bells in Canberra. Yesterday it was the turn of the manufacturing industry, when the Australian Industry Group's quarterly survey of activity plunged to new lows as a result of a raft of problems, from poor export prospects to a softening domestic economy." They reported. There has been some suggestions made that we can let manufacturing fall away as key component of the economy. However to ensure a healthy balance of trade one must wonder where such suggestions find a core foundation. The Industry Capability Network has been set up by Governments to ensure Australian buyers and sellers are linked together for the good of the economy. Australia has world class suppliers, many of whom export successfully into the global market place. |
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