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

 

Hawke’s Bay exporters expect business to rise

Hawke’s Bay exporters expect business to rise, ExportNZ survey shows

The Hawke’s Bay economy will remain buoyant for at least the next 12 months if expectations of exporters are any indication, says ExportNZ Hawke’s Bay.

John Milford, the Chief Executive of Business Central, which oversees ExportNZ Hawke’s Bay, today released the result of ExportNZ’s annual survey of members, which he called very encouraging.

The survey shows that 80.7 per cent of Hawke’s Bay exporting companies expect export orders across all markets to rise over the next 12 months, with 19.2 per cent expecting them to rise substantially and 61.5 per cent to rise slowly. Just 3.8 per cent expect orders to reduce slightly.

This is slightly better than sentiment across the Business Central region, with 76 per cent of companies expecting exports to rise, 16.7 per cent substantially and 59 per cent slowly. Nationally, 80 per cent expect orders to increase, 31.6 per cent substantially and 48.5 per cent slowly.

The survey also shows that Australia remains the biggest destination for Hawke’s Bay exports, with 65 per cent of companies sending goods there, followed by China (62 per cent of companies), Europe and UK (50 per cent).

Mr Milford the numbers were more good news for Hawke’s Bay.

“Exporters typically keep a careful watch on market trends and try to plan some way ahead, so if nearly 81 per cent see continuing growth in their markets, then that bodes well for the medium future.

“The lower US dollar will be helping with this confidence.

“Obviously, obstacles such as trade barriers are still a challenge in some markets, and ExportNZ will continue to work with companies to help overcome this.

“We also await the outcome of the TPP negotiations which, if successful, could take things to another level completely.”

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Energy Resources Aotearoa: New Law On Decommissioning Could Be Costly Overkill
A new law on decommissioning oil and gas fields passed by Parliament today has good intentions but is overkill, according to Energy Resources Aotearoa. "We strongly support operators taking responsibility and paying the costs for decommissioning, which is what all good operators do," says chief executive John Carnegie... More>>


Commerce Commission: News Publishers’ Association Seeks Authorisation To Engage In Collective Bargaining

News Publishers’ Association of New Zealand Incorporated seeks authorisation and provisional authorisation to engage in collective bargaining with Facebook and Google. The Commerce Commission has received applications from News Publishers’ Association of New Zealand Incorporated (NPA) seeking authorisation and provisional authorisation on behalf of itself... More>>


Reserve Bank: MPC Continues To Reduce Monetary Stimulus
The Monetary Policy Committee agreed to raise the Official Cash Rate (OCR) to 0.75 per cent. The Committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment... More>>

PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>



REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>


BNZ: Auckland Retail Card Spending Bounces Back In Step Two
Bank of New Zealand (BNZ) card spending data released today shows one week of retail therapy at Alert Level 3 Step 2 has been enough to raise card spending in Auckland to levels greater than before the Delta lockdown... More>>