In a recent article from Manufacturing Monthly, the Australian Performance of Manufacturing Index (Australian PMI) was up 14% from June. The July reading saw the market grow above 50, correlating to growth. Four of the seven activity sub-indexes were also up: Manufacturing sales increased for the first time in 14 months by 12.9 points, production and supplier deliveries also grew up 10.6 and 6.3 points respectively. The overall increase in the manufacturing industry is welcomed news to some. Unfortunately the machinery and equipment sector dropped slightly, which is said to be due to the lack of demand in the mining-related construction.
Regardless of the sector or industry you and your operations may be in, it’s essential everyone has appropriate insurance coverage in case the unexpected happens. At East West Insurance Brokers, we have a Earthmoving and Construction team who are able to assist you with your needs.
Contact the team at East West Insurance Brokers today to make sure your insurance cover is up to date on 1300 809 132 or email our Earthmoving and Construction broker Leigh Clarke on firstname.lastname@example.org