Scoop has an Ethical Paywall
BoP/Waikato manufacturers holding up well
BoP/Waikato manufacturers holding up well
Prospects for manufacturers in the Waikato and Bay of Plenty are holding up well according to the Performance of Manufacturing Index, says EMA Waikato chairman Jack Ninnes.
The rate of growth from last month has ebbed slightly to 56 for the Waikato and Bay, back from 60.8 last month, Mr Ninnes said. (A PMI reading above 50 indicates expansion; below 50 decline).
“The slight slowdown in the rate of expansion is no surprise given the fall off in demand from Australia and the high Australian cross rate,” said Mr Ninnes.
“But we are continuing to hear of local expansion of plant and equipment which underpins what we’re seeing in the PMI survey.
“And the PMI’s Production and Employment indices remain high at 60, with New Orders slipping back to 56.
“Manufacturers are reporting an air of optimism, in particular with substantial increases in new dairy processing related projects, and building construction on the increase.”
Ends
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
