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


3/7/15

Manufacturing sales make a turn in May


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 June 2015, shows total sales in May 2015 decreased 9.13% (year on year export sales decreased by 7.59% with domestic sales decreasing 11.20%) on May 2014.

The NZMEA survey sample this month covered NZ$397m in annualised sales, with an export content of 58%.

Net confidence fell to -13, down from 17 in April.

The current performance index (a combination of profitability and cash flow) is at 96.3, down from 100.3 last month, the change index (capacity utilisation, staff levels, orders and inventories) was at 100, up from 98 in the last survey, and the forecast index (investment, sales, profitability and staff) is at 102.5, down on the last result of 105.67. Anything over 100 indicates expansion.

Constraints reported were 81% markets, 13% production capacity and 6% skilled staff.

Net 13% of firms reported a modest rise in productivity in May.

Staff numbers for May increased 1.20% year on year.

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

“May’s results showed a turn around in the recent positive trend for domestic sales, moving into year on year reductions in turnover after five months of year on year expansion. Export sales also fell into the negative after two months of good year on year increases. We hope this month’s results are just a temporary blip, rather than a negative trend, however the results are relatively in line with other recent business surveys.” says NZMEA Chief Executive Dieter Adam.

“This month’s survey saw confidence moving back into the negative, after breaking into the positive last month. The performance index fell into contraction territory (below 100), and the forecast index, despite falling on last month, stayed in expansion. Staff numbers increased year on year, but more modestly than recent months.

“The recent cut in the OCR by the Reserve Bank of New Zealand (RBNZ) was a welcome move for manufacturers and exporters. We have already seen this have an effect on our currency, helping it to continue its downward trend that is required to put our manufacturers and exporters on a level playing field. We encourage the RBNZ to follow through with a second interest rate cut in July.

“Even with the fall back from recent highs, the weakness of the Australian Dollar continues to be reported as a concern, along with the general weakness of the Australian market. The market constraint fell back a little on last month, but remained at elevated levels – market conditions continue to be by far the biggest reported constraint to growth. “says Dieter Adam.


 

From: To:

 

From: To:

 

From: To:

 

From: To:

 

From: To:

 

From: To:

 

From: To:



tags: survey, manufacturing, exports, sales, domestic, dieter, dieter adam, ocr, rbnz, interest rates

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.