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.
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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?
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siemens Posted:
Yes true! The only thing that will never die in this world is the nature and its science behind it. Great post.
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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.
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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.
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4/9/15

Export sales boosted in July


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The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during August 2015, shows total sales in July 2015 increased 2.48% (year on year export sales increased by 4.70% with domestic sales decreasing 0.18%) on July 2014.

The NZMEA survey sample this month covered NZ$511m in annualised sales, with an export content of 56%.

Net confidence rose to 12, up from 6 in June.

The current performance index (a combination of profitability and cash flow) is at 107, up from 102.3 last month, the change index (capacity utilisation, staff levels, orders and inventories) was at 97, up from 96 in the last survey, and the forecast index (investment, sales, profitability and staff) is at 107.33, up on the last result of 103.33. Anything over 100 indicates expansion.

Constraints reported were 80% markets, 12% production capacity, 4% skilled staff and 4% capital.

Net 24% of firms reported a modest rise in productivity in July.

Staff numbers for July decreased 1.78% year on year.

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

“Export sales bounced back in July, moving back into expansion and improving 4.7% on July 2014. Domestic sales improved once again; however are still yet to break back into year on year increases, “says NZMEA Chief Executive Dieter Adam.

“Manufacturers and exporters continue to feel more positive, with sentiment improving across the board, including confidence and all three index measures up on June’s result. Staff numbers fell year on year for the first time since February, however over the last two years trend staff levels in manufacturing have been positive.

“The lower currency continues to be commented on as a positive for most, putting their margin and export competitiveness in a better position. Conversely, there are some who have seen input costs rise which can be a challenge when prices cannot be adjusted, but on balance, the lower currency is helping the manufacturing and exporting sector. We hope this relatively good period will encourage further investment in the sector to boost the future competitiveness, innovation and capability of manufacturers and exporters.

“Last weeks Overseas Merchandise Trade release by Statistics New Zealand also had some positive results for manufacturing exporters, with mechanical machinery and equipment exports experiencing an increase of 12.5% on July 2014, and electrical machinery and equipment increased 20% over the same time.“ says Dieter Adam.


 

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tags: survey, manufacturing, sales, exports, domestic, exchange rate, dieter adam, investment

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