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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8/12/15

Manufacturing shows growth


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Today’s release of the Economic Survey of Manufacturing by Statistics New Zealand showed solid growth in the manufacturing sector, with all manufacturing sales values increasing 4.2% on the previous quarter, and sales of manufacturing excluding meat and dairy growing by 3.0% in the same period, say the New Zealand Manufacturers and Exporters Association (NZMEA).

NZMEA Chief Executive Dieter Adam says, “It’s great to see the manufacturing sector take charge and see promising results. It is particularly encouraging to see growth in higher value and complex sub-sectors of manufacturing, which help drive innovation and capability: Transport equipment; machinery and equipment manufacturing saw sales values improve 3.5% on last quarter and 4.9% on same quarter last year, furniture and other manufacturing had sales increases of 8.1% on the previous quarter and 7.5% on same quarter last year, and chemical, polymer and rubber product manufacturing sales improved 3.4% on last quarter and 3.5% on same quarter last year.”

“Our own NZMEA Survey of Business Conditions has had more mixed results recently, however the results in today’s Statistics New Zealand release are in line with more anecdotal evidence and comments we have been receiving from members. Many are doing better than they have in some time, for a variety of reasons depending on their niche and markets.

“The fall in the exchange rate has really helped many manufacturers regain ground in their margins – this is vital for putting our manufacturers in a position to invest in innovation, capital equipment and our people. Manufacturers have to be able to invest in their future to stay globally competitive.

“Manufacturing in New Zealand has the potential to keep growing; adding value and exports to our economy. Recent challenges in dairy have highlighted the need for growth in our other diverse productive sectors. Manufacturing can be helped along with the right focus on and support for R&D, innovation and improving the skills of our people.” said Dieter.  



tags: manufacturing, exports, innovation, currency, r&d, invest, investing, skills

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