Australian Economy

Aussie manufacturing needs cheap energy, not trade barriers

Leith van Onselen
Wednesday 12 March 2025
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Australian manufacturing is in terminal decline.

Manufacturing comprises just over 5% of the Australian economy, the smallest share in the OECD.

Australian manufacturing share

Exorbitant energy costs continue to drive manufacturers out of Australia.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.