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

 


Castalia Manufacturing Report Welcome

Castalia Manufacturing Report Welcome - 27 February

The recent report “New Zealand Manufacturing Sector: Its Dynamics and Competitiveness” completed by Castalia has some good analysis and reiterates the importance of manufacturing to the New Zealand economy, say the New Zealand Manufacturers and Exporters Association (NZMEA).

NZMEA Chief Executive John Walley says, “We always welcome any new analysis on the importance of the manufacturing sector in New Zealand. New Zealanders need to understand how truly vital manufacturing is to the future of everyone, not a declining, optional extra in the economy.”

“The report did miss a significant body of information from the Manufacturing Inquiry, that report had many comments from a wide range of manufacturers.”

“The report skates round the elephant in the room for all exporters and import competing companies, the exchange rate. The exchange rate problem is mentioned in passing but gets scant attention and no solutions. Quite rightly the critical importance of investment is underlined, but investment requires a margin that an overvalued exchange rate just destroys.”

“Resource based manufacturing (5 of the 15 in the sample) is bound to New Zealand because the raw materials are here and they are not likely to leave. The value-add manufacturers (10 in the sample) are more mobile, and are largely here because the ownership is here (6 of the 10 value-add manufacturers). They might leave one day for logical reasons of policy, cost or market. New Zealand can’t do much about markets, so we need to work hard on good policy and lower costs.”

“It was good to see that 5 out of the 10 value add manufacturers in the sample had received their share of the $200m funding from Callaghan Innovation. It is not surprising that these firms do not speak to harshly of the current environment.”

“Sample bias plays a big part in this sort of work, looking at the “stars” takes attention from those at the threshold of failure who should really be the focus of the discussion if declining trends are to be reversed.”

“Those who are doing well in the current environment are always going to be less critical and more supportive of the status quo; samples need to be wider to ensure a real understanding of the sector.”

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Employment: ANZ Proposes Casualisation In Whangarei Stores

ANZ workers in Whangarei could see their incomes drop by 20 to 40 percent if the bank’s proposal to reduce the number of full-time positions goes ahead says FIRST Union national organiser Tali Williams. More>>

Finance: BNZ Develops Specialist Tāmaki Māori Banking Team

BNZ develops specialist Tāmaki Māori Banking Team to support Māori as Auckland grows More>>

Pharmaceuticals: Commerce Commission To Consider Pharmaceuticals Merger

The Commerce Commission has received an application from Pfizer Inc. seeking clearance to acquire all of the shares in Hospira Inc. More>>

Real Estate: Housing Unaffordability Issues Spread

Surging house prices in Auckland and Queenstown last month pushed home ownership even further beyond the reach of first home buyers in the two districts, according to the AMP360 Home Loan Affordability Report for March. More>>

Statistics NZ: Annual Exports To China Dip Below Australia

The value of goods exports to Australia ($8.7 billion) surpassed those to China for the year ended March 2015, Statistics New Zealand said today. More>>

Science: Hookworm Discovery At Malaghan Institute

Professor Graham Le Gros has led a team which has stimulated both innate and memory responses to the parasite, discovering along the way the unexpected behaviour of one particular immune cell, in Hookworm, one of the world’s most devastating tropical ... More>>

Business: Provinces Urged To Make Full Use Of New Air Services

Provincial New Zealand has been urged to use new air services to Auckland or risk losing them either partially or completely. The stark warning was issued today by Far North mayor John Carter at a ceremony at Kaitaia airport to mark the final Air ... More>>

Mobile: 2degrees To Credit All Calls And SMS To Nepal

In the wake of the devastating earthquake in Nepal in the weekend, 2degrees will be crediting all calls and SMS messages made to mobiles and landlines in Nepal from Friday 24th April until midnight Wednesday 29th April. More>>

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news