Media Releases January 2020

"While today's formal UK exit from the EU provides Australian companies based in the UK with some certainty that the split will happen, there is still at least eleven months of limbo while the UK-EU Trade deal is being negotiated," Ai Group Chief Executive, Innes Willox, said today.

"Greater collaboration between the Commonwealth and the States on energy and climate policy is badly needed, and yesterday's agreement with NSW announced by the Prime Minister is an excellent example of what can be achieved," Ai Group Chief Executive, Innes Willox, said today.

The Australian Industry Group's latest CEO survey predicts deteriorating economic conditions for 2020 heightening the need for early action to stimulate the broader economy and for a determined effort to lift productivity.

With Australia’s already-decelerating economy savaged by bushfires, the Government should act right now to get private sector investment moving to stimulate the broader economy, reignite jobs growth and lift flat-lining productivity.   

Ai Group has today released a landmark study into mental health initiatives taken in local workplaces. The report looks at the nature of the initiatives, factors behind their success, the barriers they encounter along the way, and the results they generate.

"The State Government should be commended on its recent decision to waive the waste levy to help aid the recovery and rebuilding of local communities impacted by the bushfires," Waste Industry Alliance Head, Tim Piper, said today.

The Australian Industry Group Australian Performance of Services Index (Australian PSI®) fell by 5.0 points to 48.7 in December, marking a first month of decline for Australia's services industries following four months of positive conditions (results above 50 points indicate expansion, with the distance from 50 points indicating the strength of the increase).

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell 1.1 points to 38.9 in December, with deteriorating indices for activity, new orders and supplier deliveries contributing to the lowest Australian PCI® result in six and a half years (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of the decrease).

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI®) increased slightly by 0.2 points to 48.3 in December, marking two consecutive months of contraction in the Australian PMI® for the first time since mid-2015 (readings below 50 points indicate contraction in activity, with the distance from 50 indicating the strength of the contraction).