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

 

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Science Media Centre: Viral Science And Another 'Big Dry'?

"Potentially, if there is no significant rainfall for the next month or so, we could be heading into one of the worst nation-wide droughts we’ve seen for some time," warns NIWA principal climate scientist Dr Andrew Tait. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news