Comments

David Thompson Posted:
So very, very true. It beggars belief that we consider ourselves to be a developed nation when so much of our economy is based on selling milk powder or logs. BTW, I own a Plinius amplifier (my second) that drives a set of Theophany speakers.
(view article + comment)
David Thompson Posted:
A robust but sobering report. It concerns me that confidence is rising, yet sales and exports are down and "manufacturers and exporters are still lagging behind other sectors". Surely we should wait until we're earning more money before we start spending more?
(view article + comment)
siemens Posted:
Yes true! The only thing that will never die in this world is the nature and its science behind it. Great post.
(view article + comment)
Kieran Ormandy Posted:
Thanks for the question Steven, Germany has seen increases in manufacturing employment since 2009, and Switzerland has had stable manufacturing employment between 2006 – 2011, even in the face of ongoing Euro-zone issues. Korea has seen increases in manufacturing employment since 2008 and Israel experienced large increases since 1998, while being stable over the last 4 years. Singapore has had increases in manufacturing employment over the last two years. These countries all value their manufacturing sectors and work to protect them, this is reflected in the above numbers and their performance through the GFC. Note data around the above examples was sourced from OECD labour market stats.
(view article + comment)
John Walley Posted:
Point one: you should have no doubt what our Association says publically represent the views of our members. Point two: we don’t knee jerk responses, if you trace back our comments around NZPower you will see them link all the way back to our research in 2004 and 2005. All that material is fully linked from our comments above. Point three: you will note our comments on major users, sadly the same advantage does not accrue to smaller industrial users. The perverse incentives of the LRMC approach in all this are well known. Point four: the NZMEA is not like any other Association in New Zealand we admit only manufacturers and exporters into membership, and our public expressions are the views of that restricted membership.
(view article + comment)

Recent News

House price increases slow as new lending rules begin to take effect - QV - Stuff Business, 1 Nov 2016 New Zealand's hot housing market is showing signs of cooling down.

Global debt hits $152 trillion - New Zealand Herald, 6 Oct 2016 Global debt has hit a record high of US$152 trillion (NZD$217 trillion), weighing down economic growth and adding to risks that recovery could turn into stagnation or even recession, the International Monetary Fund has warned.In...

Business owners confident in economy - survey - 3 News Business, 4 Oct 2016 Kiwi businesses were more optimistic about the state of the economy and their own activity in the September quarter, even as their profits were squeezed. ...

Households losing wealth as debt keeps going up - Stuff Business, 4 Oct 2016 New Zealanders have become poorer over the past year.

Signs of challenges for exporters - NZMEA survey - Voxy, 6 Sep 2016 The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during August 2016, shows total sales in July 2016 decreased 15.27% (year on year export sales decreased by 20.48% with domestic sales decreasing by 6.03%) on July 2015.

.
Ad enquiry


4/5/12

Quarterly Survey: Sales up overall but exports down


Print-friendly 0 comment(s) Posted in: In the media

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during April 2012, shows total sales in March 2012 increased 4.87% (export sales decreased by -4.52% with domestic sales increasing 13.6%) on March 2011.

The NZMEA survey sample this month covered NZ$545m in annualised sales, with an export content of 44%.

Net confidence fell to -20, down from the +8 result reported last month.

The current performance index (a combination of profitability and cash flow) is at 99, down from 101 in February, the change index (capacity utilisation, staff levels, orders and inventories) fell to 101 from 104 in the last survey, and the forecast index (investment, sales, profitability and staff) is at 102, down on February’s result of 103. Anything less than 100 indicates a contraction.

Constraints reported were 80% markets and 20% production capacity.

Staff numbers for March decreased year on year by -5.65%.

“Domestic sales are up this month with export sales down,” says NZMEA Chief Executive John Walley. “The rise in domestic sales year on year will be impacted by the weak sales experienced in March 2011 due to the February earthquake.”

“Markets still remain variable according to industry with some high end products still in demand while other industries struggle.”

“Declining staff numbers remain a concern and confidence has softened this month.”

“Quarterly numbers show that capacity utilisation has fallen, dropping from 82 to 77 percent. There is also an expected decline in investment in plant and equipment which is always a concerning factor for the longer term outlook.”

“Christchurch respondents reported ongoing earthquake problems with some insurance premiums up 300 percent, excesses expressed as a percentage of the total sum insured rather than a fixed price and limited duration business interruption cover exclusions for future stoppages. Some firms are reporting problems finding staff and the start of upwards pressure on wages from the reconstruction.”

“We have seen more debate over the exchange rate in recent weeks. Some political action here is imperative if our longer term current account position is to improve. Increased export earnings are the only way out of our economic quagmire without significant pain.”

“The Statistics New Zealand Business Operations Survey found that the exchange rate volatility and the exchange rate level were the two biggest barriers to generating more overseas income. These findings should spur some action from policy makers.”


 

From: To:

 

From: To:

 

From: To:

 

From: To:

 

From: To:

 

From: To:

 

From: To:



tags: survey, capacity utilisation, canterbury earthquakes, exchange rate, current account

comments

0 Comment(s)



No comments have been posted yet

Name:
Email:
Website URL:
Comment:
Remember Me:
Email Replies:
Please play the ball not the man.