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

 


PMI Survey - Manufacturing Activity Subdued


Media release 14 October 2005

Manufacturing activity subdued

Manufacturing activity was subdued in September, according to the ANZ-Business Performance of Manufacturing Index (PMI).

The PMI for September showed a value of 52.3, down from 53.1 in August, and almost identical to the value recorded in June. Scores above 50 indicate that activity is expanding; below 50 indicate a decline.

The September 2005 result was considerably lower than the previous three September results, ranging between 56.8 to 60.5 from 2002 to 2004.

The level of activity by region for September was very similar to the August results. The Otago/Southland region (59.8) continued to record the highest level of expansion, while the Canterbury/Westland region (46.7) was the only region to record a fall in activity.

Production (53.9) experienced its highest level of activity since February, and led the major sub-indexes in September. All other sub-indexes displayed relatively similar levels of expansion, with employment (48.8) experiencing the only decline.

The lacklustre September result shows a continued softening in the manufacturing sector compared with previous years. Comments from manufacturers have again centred on a lower number of orders for this time of year, with many stating the uncertainty surrounding the general election playing a part in unseasonably flat activity. Exchange rate issues and difficulty in obtaining staff still persist.

PMI for Sept 2005 http://img.scoop.co.nz/media/pdfs/0510/051013_PMI_for_Sept_2005.pdf

Supplementary graphs PMI Sept 2005 http://img.scoop.co.nz/media/pdfs/0510/051013_Supplementary_graphs_PMI_Sept_2005.pdf

Full results are available on www.businessnz.org.nz under 'PMI Reports'.


Six-Month Release Date Schedule for the Business NZ Performance of Manufacturing Index (PMI)

PMI Release Release Date

October 2005 11 November 2005

November 2005 16 December 2005

December 2005 27 January 2006

January 2006 17 February 2006

February 2006 17 March 2006

March 2006 13 April 2006

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news