Catherine Beard

How about that manufacturing crisis?

Remember the manufacturing crisis that the Labour party and assorted other opposition parties promulgated?

You know that the sector that was in total decay and was going to fail dooming us to a life of low wage servitude and indentured labour?

Yeah…that crisis…remember?

Manufacturers are flat out and are crying out for more workers, with a survey showing employment activity at record levels.

The latest BNZ- Business NZ Performance of Manufacturing Index showed the sector was expanding at its fastest pace this year in October.

The seasonally adjusted PMI for October was 59.3, up 0.8 on September. An index above 50 indicates the sector is growing and below 50 it is shrinking.

The PMI employment index hit 57.5 points in October, the highest level on record since the survey began in 2002.

BNZ senior economist Doug Steel said the labour market was getting stronger with annual employment growth of 3.2 per cent and the unemployment rate falling in the year to September.

“Today’s PMI results suggest more improvement is likely in the final quarter of 2014.” ? Read more »

Uh oh, looks the crisis in manufacturing still isn’t a crisis

Labour and the opposition parties declared a crisis in manufacturing.

They held their own inquiry and the very same day that they stood and told the media that their findings were that NZ manufacturing was doomed, in crisis and needed their remedy statistics were released that showed that manufacturing was in fact doing the complete opposite.

Almost everything that Labour or other opposition parties have declared to be in crisis has turned around and improved.

New figures show that manufacturing is still growing.

The manufacturing sector experienced its strongest level of activity for five months, according to the latest?BNZ – BusinessNZ Performance of Manufacturing Index?(PMI).

The seasonally adjusted PMI for August was?56.5?(a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining).

Read more »

For an industry in crisis they sure are doing well

Labour and the other opposition parties haughtily declared that manufacturing was in crisis. Almost the second after they declared the crisis manufacturing started posting results for the sector that showed that not only was it not in crisis but rather healthily growing.

Manufacturing continues to grow, making a mockery of the opposition inquiry into the “crisis”.

Activity in New Zealand?s manufacturing sector continued to march onwards, according to the latest?BNZ – BusinessNZ Performance of Manufacturing Index (PMI).

The seasonally adjusted PMI for March was 58.4 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was 1.9 points higher than February 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.

BusinessNZ?s executive director for manufacturing Catherine Beard said that there were a number of pleasing aspects to the March result.? Read more »

More good news

The good news just keeps on coming from the economy, and once again the information puts paid to the claims of the opposition that the manufacturing sector is in decline.

New Zealand?s manufacturing sector started 2014 on a healthy note, according to the latest?BNZ – BusinessNZ Performance of Manufacturing Index?(PMI).

The seasonally adjusted PMI for January was?56.2?(a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). The sector has now been in expansion for 16 consecutive months, with the last six months also averaging 56.2.

BusinessNZ?s Executive Director for Manufacturing Catherine Beard said that despite the usual seasonal effects of Christmas and the holiday season, the sector has begun the way it finished off 2013.

?Positive comments from manufacturers revolved around a growing confidence by consumers, further gains in building construction and continued high levels of new orders, both domestically and offshore. In particular, the metal product sector is currently benefitting from the strong residential construction boom, which will no doubt continue for some months to come.? ? Read more »

What sector crisis will Labour choose next…so it can recover too

Labour declared that there was a manufacturing crisis in New Zealand, they encouraged the other opposition parties to hold an inquiry into the manufactured manufacturing crisis and on the very day that they released their report which unsurprisingly said there was a crisis new statistics were released that showed the sector recovering and recovering well.

Business NZ has announced:

New Zealand?s manufacturing sector ended the year on a healthy note, and the first time since 2007 that every month recorded expansion in activity, according to the latest?BNZ – BusinessNZ Performance of Manufacturing Index (PMI).

The seasonally adjusted PMI for December was 56.4 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). The sector has now been in expansion for 15 consecutive months, with an average PMI value of 56.0 over the year.

BusinessNZ?s executive director for manufacturing Catherine Beard said that New Zealand?s manufacturing scene has proven to be one of the standout performers?when compared with other countries during 2013. ? Read more »

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.? Read more »

Business leaders write open letter to Greens/Labour to withdraw wonky power policy

From their press release:

A group of leading business organisations has sent an?open letter to the Labour and Green parties?urging them to withdraw their electricity policy.

BusinessNZ, EMA, the Chambers of Commerce and others say the policy would harm jobs, growth and investment, causing interest rates to rise, reducing KiwiSaver retirement savings and making people less well off.

BusinessNZ Chief Executive Phil O?Reilly says it is unusual for business to seek the withdrawal of party policies, but this particular policy if implemented would cause widespread damage.

?Subsidies and state control are not the right answers to the issue of electricity pricing.? While sounding superficially attractive, such policies would in practice destroy investment and jobs.?? Read more »

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