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

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

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