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

 

NZMEA Survey - Sales improve

NZMEA Survey - Sales improve

For results tables and historical data click here.

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during June 2014, shows total sales in May 2014 increased 12.14% (year on year export sales increased by 23.42% with domestic sales increasing 2.71%) on May 2013.

The NZMEA survey sample this month covered NZ$481m in annualised sales, with an export content of 50%.

Net confidence was at 20, up on April’s result of 16.

The current performance index (a combination of profitability and cash flow) is at 95.7, up from 87.7 in April, the change index (capacity utilisation, staff levels, orders and inventories) was at 101, up from 98 in the last survey, and the forecast index (investment, sales, profitability and staff) is at 105.33, up on April’s result of 105.17. Anything less than 100 indicates a contraction.

Constraints reported were 73% markets, 20% production capacity and 7% skilled staff.

Net 33% of firms reported a modest fall in productivity for May.

Staff numbers for April increased year on year by 5.55%.

Tradespersons, operators/labourers, supervisors and managers reported a moderate shortage for May, while professional/scientists reported a minor shortage.

“This month sees a continuation of recent trends, increased export turnover and more modest domestic improvements. Sentiment and confidence measures improved on last month, while market conditions remain the biggest reported constraint,” says NZMEA Chief Executive John Walley.

“We have had many comments around the pressure the exchange rate on manufacturers, but export sales volumes have managed to stay positive over recent months, driven by improvements by some particularly large respondents - export sales are much more mixed than the headline result suggests. There is the expectation the currency will eventually fall as the U.S and Europe recover and stop their stimulus programmes, but this is of little help to those dealing with the current sustained high levels.”

“Last week saw the release of Labour’s Alternative Budget, which presented a fairly restrained, but active budget. We were pleased to see commitment for the introduction of a Capital Gains Tax – this is important for balancing investment incentives in New Zealand, and we have heard this recommended by Treasury and the Reserve Bank.”

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Port To Recapture Gas: Union Calls On Ports To Stop Spewing Methyl Bromide

The Maritime Union of New Zealand welcomes the decision by Ports of Auckland to stop releasing methyl bromide emissions into the air. The move to fully recapture the toxic gas after fumigation sets a new benchmark for industry best practice. More>>

ALSO:

Retail: Banks Shoes Calls In Receiver

Banks Group, which runs 14 stores across the country under the brands including Banks Shoes and Shoe Connection, has been tipped into receivership at the request of director John Bank. More>>

ALSO:

NZ's Space Programme: Rocket Lab Makes It To Space (But Not Orbit)

Electron lifted-off at 16:20 NZST from Rocket Lab Launch Complex 1 on the Mahia Peninsula in New Zealand. It was the first orbital-class rocket launched from from a private launch site in the world. More>>

ALSO:

Earlier:

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: