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


8/8/14

Mixed signals, strong sales


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 July 2014, shows total sales in June 2014 increased 28.38% (year on year export sales increased by 30.45% with domestic sales increasing 26.38%) on June 2013.

The NZMEA survey sample this month covered NZ$552m in annualised sales, with an export content of 50%.

Net confidence was at 8, down from 20 in our survey last month.

The current performance index (a combination of profitability and cash flow) is at 97, up from 95.7 last month, the change index (capacity utilisation, staff levels, orders and inventories) was at 99, down from 101 in the last survey, and the forecast index (investment, sales, profitability and staff) is at 102.5, down on the last result of 105.33. Anything less than 100 indicates a contraction.

Constraints reported were 84% markets, 8% production capacity and 8% skilled staff.

Net 15% of firms reported a modest rise in productivity for June.

Staff numbers for June increased year on year by 4.79%.

Tradespersons, operators/labourers, supervisors, managers and professional/scientists all reported a moderate shortage.

“June reported another very good month for manufacturers and exporters, with turnover improving both domestically and in exports; however there is some concern over the future in the responses, “says NZMEA Chief Executive John Walley.

“Staff numbers improved slightly above the trend of recent months, while confidence fell along with two out of three indexes (forecast and change).”

“While sales continue to grow, comments indicate there is considerable concern around the dollar. The market constraint, at its highest since May 2013, indicates some demand softness across trading partners, production capacity was not indicated as a major problem in our last survey.”

“In the latest OCR statement the Reserve Bank of New Zealand (RBNZ) made a real effort to talk down our currency, which was not responding to the significant fall in dairy prices since January 2014 – this had some success with the currency pegging back nearly 4% after approaching a post float high in early July.”

“The fact the currency has remained above January levels despite these falls must bring into question the idea of auto stabilisation of returns around commodity prices and exchange rates. The RBNZ need to do more than just talk to bring the currency down to justifiable and sustainable levels.”

“The recent job losses at Buckley Systems are an example of the effect an overvalued currency can have on even high margin, innovative, high technology firms – once lost this sort of activity is hard to regenerate.”

From: To:

 

From: To:

 

From: To:

 

From: To:

 

From: To:

 

From: To:

 

From: To:



tags: survey, sales, manufacturing, exchange rate, currency, rbnz, staff

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.