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

 

Manufacturing stable, new orders promising

26 September 2003

Manufacturing stable, new orders promising

The latest ANZ-Business NZ Performance of Manufacturing Index continues to hover around the 'no change' threshold, although it recorded a slightly higher level of expansion in manufacturing activity across New Zealand in August.

The PMI reading for August was 51.9 (figures above 50 indicate expansion). This was up 0.3 points from July, but down 6.3 points from August 2002. The August 2003 result was consistent with manufacturing conditions being relatively stable for the first eight months of 2003. One positive sign for future activity was the healthy level of expansion for new orders at 56.1, which provides an indicator of the future direction of other component indexes.

Canterbury/Westland rebounded from a slight decline in activity during July to record their highest level of expansion since March at 60.2. Although the Central region recorded a slight decline, other regions showed moderate expansion.

Manufacturers noticed that confidence among customers was mixed, but new orders were still coming through. Skilled staff shortages were still evident, affecting output for some firms, with some orders unable to be completed.

Full results are available on www.anz.co.nz under 'ANZ Spotlight/Economics' and on www.businessnz.org.nz under 'PMI Reports'. For more information or assistance with data interpretation, contact Stephen Summers, ph 04 4966564, ssummers@businessnz.org.nz.

The ANZ-Business NZ PMI (performance of manufacturing index) is sponsored by business banking specialist ANZ Banking Group (NZ) Ltd and draws on the depth of member companies associated with Business NZ: EMA (Northern), EMA (Central), Canterbury Employers' Chamber of Commerce, Canterbury Manufacturers' Association and Otago Southland Employers' Association.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO:

Crown Accounts: Govt Books In Line With Forecasts

The Government’s financial statements for the four months to 31 October indicate the books are tracking along with Treasury’s Budget forecasts, Finance Minister Grant Robertson says. More>>

ALSO:

Expert Reaction: Ross Sea Region Marine Protected Area In Force

Sweeping new protections for Antarctica's Ross Sea will come into effect on Friday 1 December. After five years of debate, the marine protected area (MPA) was agreed in 2016 after a joint proposal by New Zealand and the United States... More>>

ALSO: