Mining and Petroleum Service Industries report
The Chamber of Minerals and Energy of Western Australia has released a report on the nature, extent and importance of the mining and petroleum service industries.
The report reveals the mining and petroleum industries’ acquisition of goods and services injected an estimated $7,250 million into the WA economy in 2001-2002.
Overseas imports have been put at $1,250 million, and direct payments to employees at $3,000 million.
An executive overview of the Mining and Petroleum Service Industries report is available from www.cmewa.com and (08) 9220 8505.
Survey of Australian Manufacturing
The PricewaterhouseCoopers and Australian Industry Group March 2003 quarter report lists several factors that could offset some of the strong positive influence of domestic demand on the manufacturing sector.
These include the hostilities in Iraq, a volatile oil price, and the delayed impact of drought.
More than a quarter of the 880 manufacturing firms surveyed, reported an increase in production for the March quarter, with activity strongest in construction material and fabricated metal products, transport equipment, and chemicals, petroleum and coal products.
However, the softer activity consumer-based sectors, including food, beverages, clothing and footwear, kept the overall March quarter result lower than the most recent peak, in June 2002.
The report also reveals softer growth in new orders, employment and investment, and a deterioration in profit trends – the lowest since December 2001 - due to significant rises in input costs.
Full March quarter survey results are available from www.aigroup.asn.au.
Applications are due by March 28.
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