Sydney takes manufacturing capital crown from Melbourne
Melbourne’s manufacturing sector features large-scale, export-oriented companies that have been hit hard by the higher dollar and low-cost competitors. However, Sydney’s manufacturers have been more focused on the domestic market and high-tech manufacturing which have been less affected by the high dollar.
In Sydney, manufacturing is now the third largest industry, accounting for 6.2% of the city’s output. The professional services sector is the second-biggest (9.1%) with financial services first (16%).
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