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

 


Exports see some growth

Exports see some growth

7 February 2014

For results tables and historical data click here.

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during January 2014, shows total sales in December 2013 increased 2.02% (year on year export sales increased by 17.09% with domestic sales decreasing 14.0%) on December 2012.

The NZMEA survey sample this month covered NZ$383m in annualised sales, with an export content of 59%.

Net confidence was unchanged on November, at 30.

The current performance index (a combination of profitability and cash flow) is at 101.7, down from 104 in November, the change index (capacity utilisation, staff levels, orders and inventories) was at 103, down from 104 in the last survey, and the forecast index (investment, sales, profitability and staff) is at 103.67, up on Novembers result of 102.83. Anything less than 100 indicates a contraction.

Constraints reported were 70% markets and 30% production capacity.

Net 30% of firms reported a modest rise in productivity for December.

Staff numbers for December fell year on year by 2.25%.

There was a moderate staff shortage reported for tradespersons, operators/labourers, supervisors and managers and a minor shortage for professionals/scientists.

“We have seen more positive export sales over the last few months, on the back of a generally negative trend throughout 2013. In contrast, domestic turnover has been negative over recent months, as compared to a generally positive trend in 2013,” says NZMEA Chief Executive John Walley.

“Our indexes had mixed results this month, but all three remaining in positive territory, while confidence was unchanged.”

“It was good to see the Reserve Bank of New Zealand (RBNZ) resist OCR increases; currency should be the major worry and interest rates, based on past experience, will have to go a long way to dent asset markets.”

“The LVR policy appears to be having some direct effect, and may give the RBNZ more room to delay increasing the OCR while other countries move their monetary policy towards more normal settings. We would like to see the further use of prudential tools, as a way to target asset inflation and protect financial stability without driving yet more deflation into the traded sector via an ever higher exchange rate. It will be hard to rebalance our economy without some new thinking in this regard.”

The New Zealand Manufacturers and Exporters Association survey gathers results from members around New Zealand. It provides a monthly snapshot of manufacturers and exporters’ sales and sentiment.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Food: Govt Obesity Plan - No Tax Or Legislation

Speaking to Q+A’s Corin Dann this morning, health minister Jonathan Coleman said tackling obesity was at the top of the Government’s priority list, but there was “no evidence” a sugar tax worked, and further regulation was unnecessary. More>>

ALSO:

Treasury Docs On LVR Policy: Government Inaction Leads To Blurring Of Roles

The Treasury wouldn’t have had to warn the Reserve Bank to stick to its core functions if the Government had taken prompt and substantial measures to rein in skyrocketing Auckland house prices, Labour’s Finance spokesperson Grant Robertson says. More>>

ALSO:

Final EPA Decision: Tough Bar Set For Ruataniwha Dam

Today’s final decision by the Tukituki Catchment Board of Inquiry is good news for the river and the environment, says Labour’s Water spokesperson Meka Whaitiri. “Setting a strict level of dissolved nitrogen in the catchment’s waters will ensure that the dam has far less of an impact on the Tukituki river." More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news