Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Full of Good Cheer

Full of Good Cheer

Has confidence bounced back in anticipation of the festive season? Again we saw overall performance slip and confidence grow in our survey of Canterbury manufacturers completed in DECEMBER. The middle ground strengthened and the pessimists evaporated. “The marginally optimistic came back with the sunshine and the season. Net confidence reported in DECEMBER was +24 21 up from +6 in our survey completed in NOVEMBER,” said John Walley, CEO of the Canterbury Manufacturers' Association.

Overall dollar sales decreased for the month of NOVEMBER by around 11 14% on NOVEMBER 2001, with domestic sales down by over13% 9% and export sales down by about 11% . 20%. “There is not a lot of cheer in these numbers,” said Mr Walley. “However, anticipated sales and profits seem to have firmed, lifting sentiment.”

Staff numbers have shown a decrease of just over 3% on the same period last year. In the survey completed in DECEMBER our net leading indicators - staff, investment, profitability and turnover all improved, back on trend for the last half of 2002. "Perhaps there is a feeling that the edge has moved away again, the sun is shining and good cheer seems to be with us,” said John Walley.

From the constraint standpoint, market conditions remained at 65% were 60% with skilled staff constraints at 12% . 15%. Capacity was cited as a constraint by the balance of our respondents.

"The continued strength of the Kiwi against the US and Australia dollar caused most comment. Potential loss of freight competition associated with the Air New Zealand/Qantas issues was also a hot button,” said John Walley

“Confidence is nice but sales drive growth and accelerating economic growth needs more emphasis in the New Zealand political landscape. Thinking things are fine can lead to complacency,” said John Walley. “Without growth in the manufacturing sector, particularly amongst our small and medium sized companies, there will not be much good cheer in the future.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Sending An Orion P-3 To Tonga


Because the undersea volcanic eruption in Tonga cut communications with the more remote parts of the country, it wasn’t at all surprising that as a good Pacific neighbour, New Zealand sent a reconnaissance aircraft up there to gather information about the extent and location of the damage. The more interesting thing was which plane we sent. It was an old P-3K Orion. It wasn’t one of the four fancy P-8 Poseidons that the New Zealand taxpayer spent north of $3 billion to purchase and to equip, only a few years ago...
More>>



 
 



Government: New Zealand Prepared To Send Support To Tonga

New Zealand is ready to assist Tonga in its recovery from Saturday night’s undersea eruption and tsunami, Foreign Affairs Minister Nanaia Mahuta and Defence Minister Peeni Henare said today... More>>


Ministry of Health: COVID-19 Immunisation Starts For 5 To 11-year-old Tāmariki

More than 120,000 doses of the child (paediatric) Pfizer vaccine have been delivered to over 500 vaccination sites around New Zealand as health providers prepare to start immunising 5 to 11-year-olds tamariki from today, 17 January... More>>


Crown: Duke Of York’s NZ Military Patronage Appointment Ends
Buckingham Palace has recently announced that, with the Queen's approval and agreement, the Duke of York’s military affiliations and Royal patronages have been returned to the Queen... More>>


CTU: Too Many Kiwi Workers Financially Vulnerable As Omicron Looms
With New Zealand on the precipice of an Omicron outbreak and the economic upheaval that comes with it, the CTU’s annual Mood of the Workforce Survey shows the vast majority of kiwi workers do not have the financial resources to survive a period of unemployment... More>>


Financial Advice NZ: Law Changes Locking Out Home Seekers, Urgent Meeting Sought With Government

Recent changes in consumer finance law on top of Government policy changes are locking many home seekers out of finance options they would have qualified for just six weeks ago, says Financial Advice New Zealand... More>>

Energy: Powering NZ’s Future With Biofuels
The Government will introduce a Sustainable Biofuels Mandate to help reduce greenhouse gas emissions in the transport sector, Energy and Resources Minister Megan Woods said today... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels