Australia's printing industry fell to its lowest p

2022-07-30
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The Australian printing industry fell to the lowest point

according to the latest survey report released by the Australian printing industry association, it is mainly due to insufficient understanding of Technology (36.36%), high cost (29.44%) and no demand (19.05%), which shows that the business climate index of the Australian printing industry has dropped to the lowest point since the outbreak of the global economic crisis. Influenced by seasonal factors, the business environment of printing and related industries has further deteriorated. However, since May 1, Australia has lowered the interest rate of the bank's plastic granulator, which is also a major energy consumer in China. Relevant experts say that this will help promote the growth of Australia's economy

the survey shows that 86.7% of the surveyed enterprises regard the lack of orders as the biggest obstacle to achieving the growth target, which is slightly lower than 88.9% in the same period last year. According to hagep, director of policy and government affairs of the Australian printing industry association, many interviewed enterprises believe that their economic benefits will improve in the future. It is expected that by june2012, Australian printing enterprises will have the following changes: orders, production, sales and net profit will increase; Employment and overtime levels have declined; The available funds are basically unchanged; The available labor force has increased; The sales price further increases, and the market capacity of plastic extruder will further expand and decrease; Inventory reduction; Production costs (average wages, other labor costs and material costs) continue to rise; The number of outstanding debts has increased

in terms of operating rate, printing enterprises in Queensland have the highest operating rate, with 62.5% of the surveyed enterprises operating at more than 70%. The others are Western Australia (60.0%), New South Wales (54.5%), Victoria (51.9%), South Australia (50.0%) and Tasmania (40.0%)

the survey also shows that the business environment in most areas will remain unchanged or improve in the coming months, but the business environment in binding, business forms, stationery, books, magazines, periodicals, newspapers, paper sales and labels will continue to deteriorate

on May 1, the Reserve Bank of Australia (RBA) announced that the interest rate would be cut by 50 basis points to the lowest point of 3.75% since december2009. This decision has brought new hope to the Australian printing industry. Hagep welcomed the decline in bank interest rates, which he believed would contribute to Australia's economic growth

he said: according to the official statistics and our own research, the economic environment of the printing industry needs to be improved. The decision of the Reserve Bank of Australia to cut interest rates is very timely for us. Follow the trend and take advantage of it

but hagep also warned that with the decline of interest rates, the printing industry in Australia will also be in danger of recession. He said: the exchange rate of the Australian dollar against the US dollar began to fall long before the banks cut interest rates. If foreign exchange transactions continue to decline in the coming months, it will also have a certain negative impact on the import of consumables and the introduction of technology in the printing industry

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