Industrial Machinery Manufacturing industry’s revenue has increased marginally over the past five years. When export revenue has remained high over the period, volatile downstream demand has limited the industry’s performance. The industry is projected to grow marginally over the next five years.
Number of businesses in Australia’s Manufacturing Sector has grown -0.2% per year on average between 2015 and 2020. The AU Manufacturing Sector is the 12th ranked sector for business growth over the past five years. While employment in Australia Manufacturing Sector has declined -0.9 per year on average between 2015 and 2020, making it the 15th ranked sector for employment growth over the past five years.
The average wage in the Manufacturing Sector in Australia in 2020 is $56.1bn, down from $59.0bn in 2015. This means the AU Manufacturing has the 13th highest average wage out of all AU sectors in 2020.
Key Solutions of EIL Global in the industry are