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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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3/3/16

Growth for manufacturing exporters in 2015


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Data released by Statistics New Zealand yesterday reflected the improvements felt by much of the manufacturing and exporting sector in 2015 compared to the previous year, with increases across a number of high-value manufactured export categories, say the New Zealand Manufacturers and Exporters Association (NZMEA).

NZMEA Chief Executive Dieter Adam says, “Annual values of mechanical machinery and equipment exports increased 5.7% on 2014, electrical machinery and equipment exports increased 15.7%, optical, medical, and measuring equipment exports improved by 18.5%, and plastic and plastic articles exports increased 2.3% on 2014.

“Manufacturers and exporters have battled through some rough years following the GFC, with soft international markets and an overvalued currency hitting sales volumes, competitiveness and margins. The changes they had to make to their business to survive in that environment started to pay off in 2015, as conditions improved. This is contrasted by a drop in the primary sector, with export values of milk power, butter, and cheese down by 20.6% on 2014, for example.

“This is not a case of pitting manufacturing exports against others, however. New Zealand needs to grow its exports across the board in order to become a wealthier country where we can afford to pay for expensive new medical treatments, for example. But we know that commodity prices are inherently prone to strong cyclical fluctuations, and it is time more of us recognise the stabilising and value-adding influence high-value manufactured goods exports have in this environment. Prices and volumes for manufactured goods exports are far less volatile. Jobs in manufacturing generate on average 1 to 3 jobs elsewhere in the economy, and every $1 of value added in manufacturing creates $1.4 of additional value in other sectors.

“New Zealand needs to get much better at creating an environment where we can grow export values across sectors on a sustainable basis. 2015 was a good year for manufacturing exports, but work remains to be done if we are to achieve this goal” says Dieter.  



tags: exports, manufacturing, value added, high value, exchange rate, currency, growth

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