Manufacturing and industry destroyed by Labor's expensive power costs. The last few manufacturing businesses are circling the drain due to renewable energy that cannot power industry. 5,136 manufacturing businesses closed in 12 months.
Halfwit Bowen will go down in history for destroying Australia
‘We should be worried’: From peanuts to paper, Australia’s manufacturing industry is in crisis
Australia no longer makes much of anything at all — and the few industries we do have left are rapidly circling the drain.
Australia no longer makes much of anything at all — and the few industries we do have left are rapidly circling the drain.
From cars and steel to clothing, paper, glass and now even peanut butter, the long decline of Australia’s domestic manufacturing industry seemingly claims a new casualty every other week.
The numbers behind the headlines are stark.
According to the Australian Bureau of Statistics (ABS), in the year to June 2024, 5136 established manufacturing businesses — meaning those which had been in operation for at least five years — closed down.
National employer association the Australian Industry Group warns more up-to-date numbers will be even more dire.
“Australian manufacturing as a sector slipped into recession last year and is one of the weakest performing industries in Australia today,” AI Group chief executive Innes Willox said in a statement.
