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

 

Manufacturing activity falls

13 May 2005

Manufacturing activity falls

Manufacturing activity fell during April, reaching its lowest level since PMI surveys began in August 2002.

The latest ANZ-Business NZ Performance of Manufacturing Index showed an April value of 47.9, down from 51.5 in March. Scores above 50 indicate that activity is expanding; below 50 indicate a decline.

Manufacturing has gone into 'decline' territory only twice since the survey began; one of those times was April 2003.

The North Island was the main driver of the overall decline, with the Northern (46.6) and Central (45.4) regions both recording significant falls from the previous month. The South Island regions - Canterbury/Westland (53.2) and Otago/Southland (51.3) - had modest expansion.

The new orders (47.9) sub-index fell to its lowest ever value, and indicated contraction for the first time. Employment (50.7) was the only sub-index not showing a decline in April, while production (46.1), deliveries (47.2) and finished stocks (48.1) all recorded their lowest ever values.

Although April tends to show lower levels of activity, the fall for 2005 contrasts with continued expansion during the same time in 2004.

Manufacturers concerns include the high dollar, falling export and domestic orders, and the difficulty of finding staff in a tight labour market.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: Body massages and Uber are in, DVDs are out, says Stats NZ

Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players…More>>

ALSO:


StuffMe: Commerce Commission Welcomes Dismissal Of Merger Appeal

In a summary of their judgment released today, Justice Dobson and lay member Professor Martin Richardson dismissed the appellants’ process criticisms and found the Commission was entitled to place significant weight on the prospect of reduced quality of the products produced by the merged entity. More>>

ALSO:

Digital Futures: New Chief Technology Officer Role Created

Communications Minister Clare Curran has called for expressions of interest for the new role of Chief Technology Officer position to help drive a forward-looking digital agenda for New Zealand. More>>

Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>

ALSO: