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

 

Waikato manufacturers report buoyant trading conditions

Waikato manufacturers report buoyant trading conditions

10 April 2014

Waikato manufacturers report buoyant trading conditions

Manufacturers in the Waikato are outperforming the national average, reports EMA Waikato chairman Jack Ninnes.

The latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI) shows the region’s index stands at 60.8, 2.4 points clear of the rest of New Zealand, Mr Ninnes said. (A PMI reading above 50 indicates expansion; below 50 a decline).

“Production levels in the Waikato are a robust 61.9 on the PMI, and the really good news is employment levels are even higher at 64.3,” Mr Ninnes said.

“That means our manufacturers could be looking to take on more people.

“Many businesses are reporting buoyant trading conditions with particular areas of growth being construction, and machinery and equipment for the dairy industry.

“But though the numbers for March are extremely encouraging, clouds of uncertainty are gathering on the horizon.

“Some exporters to Australia are reporting low demand with Australian retailers cutting back on orders, and many note the high NZ dollar relative to the Australian currency is having a serious impact.”

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Rocket Lab: Launch Expected

Rocket Lab has delayed the roll out of the launch vehicle called Electron by one day, due to weather conditions. The planned launch attempt will now take place on Tuesday, May 23, 2017. More>>

ALSO:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: