manufacturing sector

Remember the manufacturing crisis?

Remember the manufacturing crisis?

The opposition parties all declared that manufacturing was in crisis in New Zealand. They held their own inquiry then had a meeting to announce that manufacturing was busted and they could fix it.

That same day new figures were announced that manufacturing was far from crisis and was in fact booming, and ever since that fateful day the opposition parties declared their crisis manufacturing hasn’t looked back.

Now manufacturing has hit a 10 year high.

Activity in New Zealand’s manufacturing sector rose last month to its highest level in a decade.

The BNZ-Business NZ performance of manufacturing index rose to a seasonally adjusted 57.7 last month, the highest reading for a December month since 2004, and up 2.1 points from November’s 55.2 reading. Meanwhile, the annual average reading was 56, unchanged from a year earlier. The index, where a reading above 50 indicates growing activity, has been in expansion for the past 27 months. ?? 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 »

More on the so-called manufacturing crisis

The opposition parties held their own committee to “investigate” the “crisis” that they claimed existed in manufacturing.

They duly announced their report int eh aforesaid crisis and no sooner than they did the crisis evaporated.

Yesterday still more good news came out about manufacturing.

Total manufacturing sales volume rose for the September 2013 quarter, despite a fall in meat and dairy product manufacturing,?Statistics New Zealand said today.

After adjusting for seasonal effects, the volume of total manufacturing sales?rose 0.5 percent, while meat and dairy product manufacturing sales volume fell 2.7 percent.? Read more »

Meanwhile the economy cracks on

While Labour and David Cunliffe focus on their Stalinist solutions to non-problems the economy keeps on improving.

The old adage in politics is that elections are all about the economy. People understand that we faced a global financial crisis, they understand that Labour squandered the good times and locked in structural spending without structural surpluses to support it, and we had a massive earthquake.

With the economy on the improve the reasons for changing government diminish.

Labour also attacked the government saying the regions were suffering under National…despite there not being a single provincial seat for Labour outside of the munters in Palmerston North.

Unfortunately for Labour that myth is also busted. The regions are doing well.

New Zealand?s economic recovery continues to be led by the regions, the latest ANZ Regional Trends report released today shows.

Regional economic growth is at its strongest in nine years, with only the Canterbury region recording a slower rate of annual growth for the year to September.? Read more »

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