Strategic Futurists; Value Systems Specialists


Is Manufacturing Output Data a Reliable Indicator of Economic Activity

Monday 25 March 2019

In short - 'No'. In days of yore manufacturing data meant jobs being done, employed people being paid, sales being made. But with robotics and off-shoring in many parts of Australian manufacturing, it's no longer the value indicator it once was.

In the US it is an even less reliable indicator because in the last 10 years, even as manufacturing in the US rebounded, the number of jobs did not. In fact, job numbers have declined further as automation has increased substantially. So a down turn in manufacturing data means a poorer result for few people. 

This article in The New Daily looks at the reasons why the stock market dropped off the back of, among one thing, flat manufacturing output in the US. But really, should we care - most US manufacturing is headed towards less employees. In short, it's no longer a value indicator that it once was as a down turn really means less robots at work. In Australia our manufacturing sector continues to bounce along, employing plenty and slowly adding select robotics and automation to fill skill gaps shortages rather than displacing workers (the US approach). And there's plenty of manufacturers in Australia across a broad array of sectors doing just nicely thankyou. So interpretation of data needs more than a cursory glance

See more events...

Keep informed - Sign up

Look ahead for your business - sign up for your exclusive updates.

email address


If that, then what? The question that unlocks almost everything
Wednesday 23 October 2019
Decision making is an interesting field of inquiry. I'm about three months in to a long term contract with an organisation working on enabling its people to be more effective and the thought that keeps popping into my head is 'Start with the End'
Employee Engagement Beyond the Workplace
Thursday 1 August 2019
My most recent long term client contract had me specialise in Employee Engagement, something I'd done consistently at the Senior and Middle Managers level. But this client need was across the board and at a time when major changes were occuring.
Social Issues Hackathon co hosted by Casey and Dandenong
Friday 26 July 2019
Great to see some quality collaboration between the City of Casey and City of Greater Dandenong aimed at addressing or tackling Social Issues and importantly bridging the divide between 'our area' and 'their area' artificial boundaries. Well done to both Councils