Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Manufacturers Sales Holding For Now


Media Release Friday, November 2nd, 2001

Manufacturers sales holding for now

Export turnover for September was up slightly for New Zealand's northern manufacturers, with domestic sales down by the same amount compared to the same month in 2000.

Overall, the business conditions outlook is steady for the moment, the Employers & Manufacturers Association Survey of Business Conditions shows. Survey results are released when over $100 million sales are registered from respondents in a month.

"Company predictions for forthcoming turnover levels are pretty much stable," said Bruce Goldsworthy, EMA's Manufacturing Division Director.

"We're a bit surprised that sales, cash flow, and investment intentions are holding up as well as appears to be the case.

"Manufacturers are reporting stable staff requirements looking forward, with significant skill shortages still, and with their commitment to investing in training, new equipment and new building slipping back only marginally from previous months.

"Inflation has emerged as an area of genuine concern, expected from higher costs of ACC, electricity, raw materials, and higher salaries and wages. A heightened unease about the pressure of competition is evident.

"Nonetheless the negative US GDP figures for the third quarter and other recent world data is the worst since the recession of 1991. While we are more favourably placed to withstand a global down turn than most other countries this is due to the profile of our exports, it is unlikely we will remain immune to it."

Comments: Bruce Goldsworthy tel 09 367 0948 (b)

09 522 2723 (h)


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Climate Summary: NZ’s Equal-2nd Warmest Year On Record

Annual temperatures were above average (+0.51°C to +1.20°C above the annual average) across the majority of New Zealand... 2018 was the equal 2nd-warmest year on record for New Zealand, based on NIWA’s seven-station series which began in 1909. More>>

ALSO:

GDP: Economic Growth Dampens In The September Quarter

Gross domestic product (GDP) rose 0.3 percent in the September 2018 quarter, down from 1.0 percent in the previous quarter, Stats NZ said today... GDP per capita was flat in the September 2018 quarter, following an increase of 0.5 percent in the June 2018 quarter. More>>

ALSO:

Up $1.20: $17.70 Minimum Wage For 2019

Coalition Government signals how it will move toward its goal of a $20 p/h minimum wage by 2021... “Today we are announcing that the minimum wage will increase to $17.70 an hour on 1 April 2019." More>>

ALSO:

Retail: IKEA To Open In New Zealand

Inter IKEA Systems B.V. is today announcing its intentions to grant the Ingka Group exclusive rights to explore expansion opportunities in New Zealand. More>>