Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search

 


Latest ICT stats show export growth potential

Latest ICT stats show export growth potential

Year 2002 statistics just released for ICT emphasise the potential that exists for significant export growth in the industry but we must continue to find ways to stimulate the domestic market sector into a more buoyant state, says the Executive Director of the Information Technology Association of New Zealand (ITANZ), Mr Jim O'Neill.

"The figures showing a four percent downturn in sales of goods and services to a level of $7.1 billion reflect the end of the global dot-com boom, the impact of the terrorist actions in the U.S. and the deepening international economic slowdown happening at the time.

"The New Zealand industry has come through the period in better shape than many ICT sectors abroad -- for example, the US industry was down approximately 30 percent.

"But the fact that 2002 saw a rise of 17 percent to $968 million in exports of IT goods and services is very encouraging, particularly as within this figure is an increase of 36 percent in computer services. This demonstrates the ability of the industry to compete on the global stage, particularly if there is a strong New Zealand market that encourages innovative technology uses that can be exploited around the world.”

Mr O'Neill says ITANZ believes industry growth is currently at a 0-2 percent level, which reflects the strong performance of the New Zealand economy, rather than any real improvement in the sector overall.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Sci-Tech
Search Scoop  
 
 
Powered by Vodafone
NZ independent news