Another survey mocks the Green/Labour bloc’s claims

The Green/Labour bloc manufactured a manufacturing crisis and on Monday thy released their “report” in the matter. It was more of a strategic withdrawal after   figures and statistics proved they had manufactured the crisis and that manufacturing is in fact on the rise.

Another report also pours scorn on the Green/Labour bloc’s manufactured crisis.

Another survey has dented claims by Opposition political parties that New Zealand’s exporting manufacturing industries are in a state of crisis.

Labour leader David Shearer and economic development spokesman David Clark were hot on the case yesterday, claiming the Government had its head buried when it came to the state of the manufacturing industries.

However, the annual DHL Export Barometer – which canvassed 277 firms in the manufacturing, agriculture, tourism and professional services sectors – found 59% of companies were confident export orders would increase in the next 12 months, up from the record low of 51% in last year’s survey.

Fifty-four percent of exporters were expecting profitability to rise over the same period, despite the strong currency. 

”Overall, we’re seeing exporters adopt strategies that focus on what they can control, as opposed to being held to ransom by external factors that they can’t control,” DHL Express New Zealand country manager Tim Baxter said.

The DHL survey said exporters were using a range of methods to deal with the dollar such as refining their offering (32%), repricing (31%), looking at new markets (26%) and competing online (23%).

Companies were also taking advantage of the high dollar by importing. Almost 80% of exporters were importing, up from 64% in last year’s survey.

The survey said the exchange rate was having the biggest impact on exporters, followed by fuel prices and international competition.

ExportNZ executive director Catherine Beard said the DHL survey results were positive and showed the resilience of the export community.

 


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  • blokeintakapuna

    Printing Money – back down on that Epic FAIL,
    Manufacture a “crisis” – Epic FAIL in the making…
    Now all we need is to start again on the Greens “Power play”

  • Micky
  • CJA

    Wait hang on “Overall, we’re seeing exporters adopt strategies that focus on what
    they can control, as opposed to being held to ransom by external factors
    that they can’t control,” DHL Express New Zealand country manager Tim
    Baxter said”. What do you mean we can’t control the exchange rate? Of course we can, it’s called quantitative easing which will bring the dollar down…… oh hang on actually we had to think about that one today and realised it was a shit idea. Sorry our bad. Fucktards is the word that comes to mind.

  • johnbronkhorst

    I still call it their “King Canute” policy. Trying to stop the tide (international economy) from coming in.

  • thor42

    Good stuff!

    That’s the way to go – use the high dollar to your advantage, importing raw materials or plant and machinery.

    • johnbronkhorst

      Import automation equipment to up productivity, so it is cheaper to manufacture exports…Defeats the high dollar!!!

    • GazzW

      Repaying US$ loans borrowed at 0.70 with new money borrowed at 0.80 has distinct advantages.

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