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

 

Manufacturing demand bounces strongly


Manufacturing demand bounces strongly back for Auckland region

Auckland region manufacturers are enjoying a strong demand on the back of Christmas forward orders and record building consents in September.

While the ANZ/Business New Zealand Performance of Manufacturing Index (PMI) is 7.7 points ahead of the August result at 59.6, the Auckland region result up has shot ahead by 9.9 points to hit 62.1. (An index figure above 50 represents expansion; below 50 contraction).

"New orders in the northern region at 65.7 are running neck to neck with demand in Canterbury," said Bruce Goldsworthy, Manufacturing Services Manager for the Employers & Manufacturers Association (Northern).

"Production levels in the north are also at 65.7 with Canterbury in front on that measure at 72. Overall, Canterbury is slightly ahead of the Northern region with a total index value of 65.2.

"But we expect the strong manufacturing performance to continue as employment and stock levels of raw and finished materials in the north are lagging slightly behind demand.

"The cross rate with Australia is also improving our competitiveness across the Tasman."

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Department Of Conservation: Beech Mast On The Cards After Warm Summer

Climate modelling shows this year’s hot March has increased the chance of beech forest seeding next summer in parts of New Zealand, which could be bad news for native wildlife. The Department of Conservation (DOC) uses data from NIWA’s virtual climate ... More>>

Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on seek.co.nz. Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Geo40: Global Plans To Recover Low-Carbon Lithium At Scale Accelerated By Investment Of Up To $7.5m By Pacific Channel

New Zealand’s leading sustainable, mineral-recovery company, Geo40 Limited has secured up to $7.5m in equity investment from New Zealand deep-tech specialist Venture Capital firm Pacific Channel to fast-track plans to develop its nascent lithium-from-geothermal-fluid ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>