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.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Oceans: NOAA Declares Third Ever Global Coral Bleaching Event

As record ocean temperatures cause widespread coral bleaching across Hawaii, NOAA scientists confirm the same stressful conditions are expanding to the Caribbean and may last into the new year, prompting the declaration of the third global coral bleaching event ever on record. More>>

Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news