none

NZ manufacturing on the march

16-04-2014
by 
in 

New Zealand’s manufacturing activity has continued its upward spiral, according to the latest industry data.
The latest seasonally adjusted BNZ – BusinessNZ Performance of Manufacturing Index (PMI) – for March was 58.4. (A reading above 50.0 indicates expansion)
This was 1.9 points higher than the previous month and the highest level of activity since July 2013.
The sector has now been in expansion for 19 consecutive months, with the first quarter of 2014 averaging 57.1.
"After five consecutive months of solid activity, it was pleasing to see activity experience a further boost, said BusinessNZ’s executive director for manufacturing Catherine Beard. “Both production and new orders remained strong, while employment also lifted to its highest level for over six years.
"The proportion of positive comments from manufacturers for March broke the 60 percent value for the first time this year, as new orders/customers and an improving economy is providing a stronger platform for business growth."
For the first time since October 2013, all five seasonally adjusted main diffusion indices were in expansion for the current month.
Both production and new orders (60.5) displayed the same level of expansion, while employment (56.3) rose 1.6 points to record its highest level since November 2007. Deliveries of raw materials (57.1) edged slightly downwards from February, while finished stocks (51.1) went back into expansion after four consecutive months in contraction.

Related news & editorials

  1. 23.07.2018
    23.07.2018
    by      In
    Dean McCarroll is the new Managing Director of Okuma Australia and Okuma New Zealand. He replaces long-standing MD Philip Hayes, who has retired.
    McCarroll has spent more than 40 years in the machine tool business with the last 30 years in management roles. He was first employed by Okuma Australia... Read More
  2. 20.07.2018
    20.07.2018
    by      In
    The Innovative Manufacturing CRC has signed a framework agreement with the Fraunhofer Society with the aim of increasing the awareness and uptake of Industry 4.0 in Australian manufacturing industry.
    The German Fraunhofer Society is one of Europe’s leading organisations for applied research, and... Read More
  3. 19.07.2018
    19.07.2018
    by      In
    The Australian Made Campaign has named Ben Lazzaro as its new Chief Executive, succeeding Ian Harrison, who steps down at the end of July. The announcement was made following the organisation’s board meeting this week in Melbourne.
    Lazzaro, who has an engineering and communications background, has... Read More
  4. 19.07.2018
    19.07.2018
    by      In
    Siemens Australia and Motorola Solutions have formalised their relationship to develop innovative technologies for Australia’s industrial sector via an exclusive partnership. Motorola Solutions has joined the Siemens’ Solution Partner Programme, becoming only the second company in Australia... Read More