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

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>


Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>


Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>


Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>


Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>


Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>


Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>




Featured InfoPages

Opening the Election