none
none

NZ MANUFACTURING BACK ON TRACK

17-09-2014
by 
in 

New Zealand manufacturing activity has bounced back following a mid-year lull.

The BNZ-Business NZ performance of manufacturing index rose to 56.5 in August from 53 in July, and just below the 56.8 reading in the same month a year earlier.

The index was at the highest point since March, and has been above 50, which indicates the sector is expanding, for 24 months.

BNZ economist Doug Steel said in his report the new figures support predictions that the NZ manufacturing sector will bounce back from the Q2 softness.

The gauge comes after government figures last week showed the volume of manufacturing fell 0.7 per cent in the June quarter with declining meat and milk production at the tail-end of the agricultural production season weighing on activity.

Mr Steel said lower dairy revenues and slower retail sales would probably weigh on manufacturing activity in the future, though increased construction work should help support industrial production.

The latest PMI shows the production sub-index was at a 13-month high 60.1, while new orders rose 2.8 points to 58.3. Employment rose 1.7 points to 53.2, its highest level since May, while deliveries advanced 2 points to 55.7. Finished stocks was the only measure showing a contraction at 48.5.

Related news & editorials

  1. 21.11.2017
    21.11.2017
    by      In
    Darcy Ewing of Kurrupt Kustoms in Albury NSW was running compressed air from a 6-year-old reciprocating piston-style compressor when (in his own words) it virtually “S*** itself!”.
    This left his high-end auto body and customisation shop in real trouble with a total shutdown of all essential... Read More
  2. 21.11.2017
    21.11.2017
    by      In
    If the recent upheavals in Australian manufacturing illustrate one truth, it is the absolute necessity for forward planning, and more to the point, the importance of planning for growth – regardless of a company’s existing size.
    While the ambition to grow a manufacturing operation is one thing,... Read More
  3. 21.11.2017
    21.11.2017
    by      In
    Blockchain technology was invented to make the world’s first crypto-currency, Bitcoin, possible. Traditional currencies rely on intermediaries like governments, banks and clearing houses to guarantee their value and process transactions. Bitcoin uses digital technologies to cut out these middlemen... Read More
  4. 21.11.2017
    21.11.2017
    by      In
    Australian Tank Engineering (ATE Tankers) has been engineering and manufacturing tankers in Australia for nearly two decades. But whereas most vehicle manufacturers have seen sales decline in recent years, ATE has elevated itself through the trend with a transformative mindset that has enabled the... Read More