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

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news