blogging on the new zealand economy, manufacturing, productivity, business | real economy blog (reb)

0 comment(s) Posted in: In the media

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during August 2010, shows total sales in July 2010 increased 16% (export sales increased by 15% with domestic sales increasing 18%) on July 2009.

The NZMEA survey sample this month covered NZ$348m in annualised sales, with an export content of 39%.

Net...

tags: survey, savings working group, ocr, double dip recession

0 comment(s) Posted in: In the media

New Zealand’s economic recovery has stalled with new unemployment numbers rising to 6.8 percent in the June quarter. Further bad news is expected with Fonterra likely to downgrade its payout in response to falling milk powder prices and higher exchange rates. These problems will persist pending structural changes to our economy say the New Zealand Manufacturers and Exporters Association...

tags: unemployment, fonterra, tradeable sector, monetary policy, tax balance

0 comment(s) Posted in: In the media

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during July 2010, shows that total sales in June 2010 increased 7.4% (export sales increased by 11% with domestic sales increasing 4%) on June 2009.

The NZMEA survey sample this month covered NZ$574m in annualised sales, with an export content of 42%.

Net...

tags: business confidence, policy targets agreement, ocr, sales, staff, survey

0 comment(s) Posted in: In the media

The Reserve Bank’s decision to hike the Official Cash Rate (OCR) again will stifle the export growth that needs to lead the economic recovery say the New Zealand Manufacturers and Exporters Association (NZMEA). There have been warnings from across the tradeable sector on the damage OCR hikes will do; this advice needs to be heeded.

NZMEA Chief Executive John Walley says, “Reserve...

tags: ocr, export recovery, reserve bank, policy targets agreement

0 comment(s) Posted in: 3rd party

This article by Neville Bennett was published in the NBR on the 23rd of July. To subscribe to regular material from Neville Bennett visit www.bennetteconomics.com.

One advert tells us that one can have expensive things because “you are worth it”. Economists, who are not invariably dismal, might comment that “Yes, you can have...

tags: monetary policy, capital mobility, exchange rate, financial balance

0 comment(s) Posted in: In the media

In Parliament last week Finance Minister Bill English welcomed some rebalancing that has occurred in the economy since the economic crisis pointing to growth in the tradeable economy. That rebalancing will be dealt a blow if the Reserve Bank continues to hike the Official Cash Rate (OCR) on Thursday say the New Zealand Manufacturers and Exporters Association (NZMEA).

English noted...

tags: rbnz, ocr, tradeable sector

0 comment(s) Posted in: 3rd party

Revenue Minister Peter Dunne spoke to the NZMEA Council on the 19th of July on issues such as tax balance, topics raised by the Tax Working Group and where he would like to take the tax system. Here is a transcript of the speech:

read more...

tags: peter dunne, tax working group, tax balance, revenue minister

0 comment(s) Posted in: In the media

The Reserve Bank must avoid doing further damage to the economic recovery with another premature Official Cash Rate (OCR) hike say the New Zealand Manufacturers and Exporters Association (NZMEA). Below forecast Cost Price Inflation (CPI) and lower than expected economic growth simply do not warrant another interest rate rise at this point.

The Reserve Bank based last month’s...

tags: ocr, reserve bank, cpi

0 comment(s) Posted in: In the media

The New Zealand Manufacturers and Exporter support the efforts from Claire Curran on the Kiwi Jobs bill.

“The jobs bill is a good idea but we need to go much further,” says John Walley CEO NZMEA, “this is really all about local spill-over benefits from Crown spending that are not achieved when the Crown buys imports.”

“The make-up of the proposed Kiwi Jobs...

tags: jobs commission, kiwi jobs bill, stimulus package, crown spending, us

0 comment(s) Posted in: In the media

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during June 2010, shows total sales in May 2010 increased 9.8% (export sales increased by 9% and domestic sales increasing 10%) on May 2009.

The NZMEA survey sample this month covered NZ$347m in annualised sales, with an export content of 41%.

Net...

tags: survey, sales, global, confidence