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


Manufacturing Activity Picks Up

Media release
15 September 2005

Manufacturing Activity Picks Up

Manufacturing activity showed expansion for August, after a period of small declines according to the ANZ-Business Performance of Manufacturing Index (PMI).

The PMI for August showed a value of 53.1, up from 48.2 in July, and the strongest level of activity since February. Scores above 50 indicate that activity is expanding; below 50 indicate a decline.

The 2005 result for August was towards the bottom end of the four values so far recorded for August, and well below the 58.8 recorded in August 2004.

All regions except the Canterbury/Westland region experienced an increase in activity during August, led by a strong result from Otago/Southland (60.9). Both the Northern (54.0) and Central (51.3) regions displayed moderate levels of expansion, while the Canterbury/Westland region (47.6) recorded its strongest level of decline since the survey began.

The Deliveries (55.4) sub-index recorded the strongest level of expansion during August for the first time since December 2003, while the remaining sub-indexes displayed relatively similar levels of expansion, with Employment (50.5) recording the lowest value.

Comments from manufacturers during August were similar to previous months, with the persistent high New Zealand dollar and skills shortages affecting activity. There was still the view that the economy was definitely slowing, causing a drop in orders. The coming months tend to show a pick up in activity as the build up for the Christmas period takes place, so future results will provide an indication of how strongly the slowdown continues to affect manufacturers.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Game Developers Association: Existing Government Measures Won’t Stop One Of Our Fastest-growing Sectors Moving To Australia

“Existing government policies won’t stop New Zealand gaming and interactive media companies from choosing to expand in Australia instead of New Zealand,” NZGDA Chairman Chelsea Rapp... More>>

DoC: A Tale Of Two Halves For Rock Wren/Tuke
It’s a tale of two halves for rock wren/tuke with their fortunes hanging on effective predator control, the latest South Island-wide survey shows. The Department of Conservation monitoring programme, now in its third year, tracks populations of this small alpine bird... More>>

TradeMe: Wages Remain Hot While Job Listings Cool Off
Salaries are skyrocketing in the regions as Kiwi employers battle to attract staff and combat the rising cost of living, according to the analysis of over 77,000 vacancies listed on Trade Me Jobs for the quarter ending 30 June (Q2)... More>>

Spark: Launch Of New Submarine Cable Expands New Zealand’s International Connectivity By Nearly 100%

Southern Cross Cables Limited (“SX”) today announced the launch of its Southern Cross NEXT fibre cable (SX NEXT), creating the largest submarine network connecting Australasia... More>>

Motor Industry Association: New Vehicle Registrations Soften

The Motor Industry Association’s Mark Stockdale says that 12,049 registrations of new vehicles for the month of June shows the market is weakening in the face of raising costs of living... More>>

MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>