Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Full of Good Cheer

Full of Good Cheer

Has confidence bounced back in anticipation of the festive season? Again we saw overall performance slip and confidence grow in our survey of Canterbury manufacturers completed in DECEMBER. The middle ground strengthened and the pessimists evaporated. “The marginally optimistic came back with the sunshine and the season. Net confidence reported in DECEMBER was +24 21 up from +6 in our survey completed in NOVEMBER,” said John Walley, CEO of the Canterbury Manufacturers' Association.

Overall dollar sales decreased for the month of NOVEMBER by around 11 14% on NOVEMBER 2001, with domestic sales down by over13% 9% and export sales down by about 11% . 20%. “There is not a lot of cheer in these numbers,” said Mr Walley. “However, anticipated sales and profits seem to have firmed, lifting sentiment.”

Staff numbers have shown a decrease of just over 3% on the same period last year. In the survey completed in DECEMBER our net leading indicators - staff, investment, profitability and turnover all improved, back on trend for the last half of 2002. "Perhaps there is a feeling that the edge has moved away again, the sun is shining and good cheer seems to be with us,” said John Walley.

From the constraint standpoint, market conditions remained at 65% were 60% with skilled staff constraints at 12% . 15%. Capacity was cited as a constraint by the balance of our respondents.

"The continued strength of the Kiwi against the US and Australia dollar caused most comment. Potential loss of freight competition associated with the Air New Zealand/Qantas issues was also a hot button,” said John Walley

“Confidence is nice but sales drive growth and accelerating economic growth needs more emphasis in the New Zealand political landscape. Thinking things are fine can lead to complacency,” said John Walley. “Without growth in the manufacturing sector, particularly amongst our small and medium sized companies, there will not be much good cheer in the future.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news