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

 


Domestic sales fall, exports stay positive


Domestic sales fall, exports stay positive - 29 August

For results tables and historical data click here.

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during August 2014, shows total sales in July 2014 decreased 8.07% (year on year export sales increased by 12.03% with domestic sales decreasing 27.48%) on July 2013.

The NZMEA survey sample this month covered NZ$400m in annualised sales, with an export content of 60%.

Net confidence was at 0, down from 8 in our survey last month.

The current performance index (a combination of profitability and cash flow) is at 96, slightly down from 97 last month, the change index (capacity utilisation, staff levels, orders and inventories) was at 100, up from 99 in the last survey, and the forecast index (investment, sales, profitability and staff) is at 102.83, up on the last result of 102.5. Anything less than 100 indicates a contraction.

Constraints reported were 55% markets, 36% production capacity and 9% skilled staff.

Net 18% of firms reported a modest rise in productivity for July.

Staff numbers for July increased year on year by 2.18%.

Tradespersons, operators/labourers, supervisors, managers and professional/scientists all reported a moderate shortage.

"Domestic sales struggled in July off the back of a very positive result last survey, while exports fell back from recent months but remained in positive territory,” says NZMEA chief executive John Walley.

“Confidence fell again this survey, indexes remained mixed and constraints showed increasing pressure on production capacity but an easing off on the market constraint from last month’s high. Total turnover decreased for July, but comments were generally more positive than last month - the high currency and finding staff were among the top issues reported.”

“This month saw another major loss to New Zealand industry, with Croxley feeling the pressure of changing consumption patterns and an overvalued currency as too big an investment mountain and decided manufacturing was too hard in New Zealand, potentially losing 100 jobs.”

“The Treasury released their Pre-Election update last week, which generally was very similar to what we saw in the Budget forecasts. Perhaps the most significant change since the Budget was the current account deficit, which is forecast to increase more than previously expected in the coming years, reaching 4.8% of GDP in 2015, up to 6.4% in 2017.”

“This widening in the current account deficit is a major concern going forward.”

© 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