Over the last six months Australia has been keeping up with a high level of reaching US dollars. Even though reaching the United Stated dollar a good things for some of business, it seems to have several of impact on manufacturing and truism, which puts a stress on business to decrease manufacturing output and dropping off various of worker, as well as ordering cheaper product from overseas markets online that turned out to change the policy and the goal of business markets, for instance China.
The high Australian dollar has risen over the past years from $0.50 United Stated dollar to the high of $1.10 US dollar, this has made Australian manufacturing products more expensive for over 65 ...view middle of the document...
Nevertheless, there were a concern for others business that they might be impacted in the next coming months.
The outcome of an argument rate drive on areas which is really up to the sector, whether is exposing to the international trade, with many trade exposing sectors the attention is more affected comparative to be less trade exposed sectors. A lot of Australian manufacturing firms are always highly employment exposed which put the full effect on a high Australian dollar.
The Australian high dollar doesn’t only have an impact on manufacturing that can export goods and service, it’s also makes Australian export more expensive.
When Australian dollar is increasing, it makes others imports cheaper for the local consumer who switch the demand of weight made goods, for those whose prices have not affected by the rate exchange. For the minor import their prices can be always get the result of lower input cost for manufacturing that impact many of their input. However, this will only put the balance on the impact on competitiveness cost labour and the rest of local input will remain unaffected.
It’s always a better I idea that manufacturing stays strong and focusing on the growth opportunities between the broader of economics. Powerful growth of removal and service areas can gives manufacturing a right to pay attention on their efforts locally and connect them with those strong growing sectors. This could also help manufacturing to spread their business models into these...