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


NZMEA Survey: Cloud or silver lining? - 5 August

NZMEA Survey: Cloud or silver lining? - 5 August

For results tables and historical data click here.

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during July 2013, shows total sales in June 2013 decreased 29.48% (export sales decreased by 16.21% with domestic sales decreasing 39.3%) on June 2012.

The NZMEA survey sample this month covered NZ$305m in annualised sales, with an export content of 51%.

Net confidence fell to 13, down from the 33 result reported last month.

The current performance index (a combination of profitability and cash flow) is at 98, down from 104 in May, the change index (capacity utilisation, staff levels, orders and inventories) went down to 103 from 105 in the last survey, and the forecast index (investment, sales, profitability and staff) is at 102.67, from May’s result of 103.  Anything less than 100 indicates a contraction.

Constraints reported were 63% markets, 25% production capacity and 13% skilled staff.

Staff numbers for June increased year on year by 1.31%.

“After an improvement last month export sales are back on the falling trend, year on year, since late 2012; in contrast to an improving trend on domestic sales, now both domestic and export sales are in decline.  The three month average for employment has levelled out offsetting a decline for most of this year,” says NZMEA Chief Executive John Walley.

“This suggests that for manufacturers and exporters in general, there is no cause for a party.”

“The currency did ease back in May and June and gave some hope, but it remains a slightly less overvalued lottery.”

“As anticipated, the Reserve Bank of New Zealand (RBNZ) chose to hold the Official Cash Rate (OCR) at 2.5%, and once again acknowledging the negative effect the overvalued dollar is having on exporters, while pointing out the risk the overheating housing market has on financial stability.  An earlier than necessary increase in the OCR to address house price inflation will have a further severe negative effect on manufacturers and exporters, by applying more upward pressure on our currency.”

“The RBNZ have talked about introducing Loan to Value Ratio “speed limits” to help address house price inflation and limit risks to financial stability.  They should stop talking and start doing at once.”

“More can be done to better balance our economy, such as a capital gains tax.  We must get serious about policies which incentivise earning a living instead of chasing capital gain; the sooner this happens, the better.”   


© Scoop Media

Business Headlines | Sci-Tech Headlines


Stats NZ: Largest Drop In Terms Of Trade In A Decade As Dairy Export Prices Sour

Lower export prices for dairy, meat, and logs in the September 2020 quarter led to the biggest drop in terms of trade since June 2009, Stats NZ said today. Export prices fell in the September 2020 quarter, down 8.3 percent from its highest ever ... More>>


Stats NZ: Election Boosts October Job Numbers

Job numbers were boosted by general election staff in October 2020, along with rises in the manufacturing, retail, and hospitality industries, Stats NZ said today. Filled jobs rose by 27,667 to 2.2 million in October 2020 compared with September, after ... More>>

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>


Media: Discovery, Inc. Completes Acquisition Of New Zealand’s Mediaworks TV Ltd

Auckland, New Zealand, December 1, 2020 - Discovery, Inc. (“Discovery”), the global leader in real-life entertainment, has completed its acquisition of New Zealand’s leading independent free-to-air commercial broadcaster, MediaWorks TV Ltd, now operating ... More>>

Department Of Conservation: Big Year Underway At Albatross Colony

Familiar faces are returning for the new season of Royal Cam, with a big breeding year underway for the toroa/northern royal albatross colony on Otago’s windswept Pukekura/Taiaroa Head. More than 120 albatrosses, a taonga species, have returned ... More>>

Real Estate: ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing


House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>