Good afternoon,

This months PMI shows a promising result for the Manufacturing sector with result the second consecutive month being above the long-term average of 53.1 for the survey. Despite this, manufacturers have continued to have a more negative mindset with staff retention/shortages continuing to dominate comments made by manufacturers.

The Go Global conference, hosted by ExportNZ and the EMA has gone live this Month. Go Global will give attendees the opportunity to hear from experienced exporters, and network with their peers. Tickets are avaialble below.

Ngā mihi,
Josh

New Zealand’s manufacturing sector saw another lift in expansion for August, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI).

The seasonally adjusted PMI for August was 54.9 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining).  This was 1.4 points higher than July, and the highest level of activity since July 2021.

BusinessNZ’s Director, Advocacy Catherine Beard said that the August result represented the second consecutive month being above the long-term average of 53.1 for the survey. 

“Looking at the sub-index results, the pick-up was influenced by New Orders (59.2) at its highest level since July 2021, along with Production (54.6) at its highest point for 2022.  Overall, it was the first time all five sub-index values were in expansion since May.”

Read more ->>

You are invited to take part in the 2022 BusinessNZ Survey of business opinion.

This survey considers current issues that may be impacting on businesses - like wage pressures, ability to get staff, interest rate rises, supply chain blockages, infrastructure constraints, and others.

What are the main issues affecting your business today?

Your response will help inform BusinessNZ’s advocacy for a more enabling environment for businesses in NZ.

Please take the BusinessNZ Survey of business opinion here

Exporters have been challenged to look at global trade differently, big questions still remain about what the ‘new normal’ will look like. Will shipping and logistics improve, will tariff wars between superpowers escalate or de-escalate, will free trade deals be harder to secure and will we see an increase in non-tariff barriers, more protectionism and ‘made at home’?

Go Global is your opportunity to hear from industry leaders, get global market insights and getting connected with some of the best in the game. The focus this year is on new export business models, should New Zealand focus on collectives, and how new approaches to technology, investment and change can help New Zealand exporters grow their business.

Whether you are an experienced exporter, or just considering starting your export journey, Go Global has something for everyone.

More information ->>

You (or your nominee) are invited to register for this exciting Mission to Israel from Sunday 6 – Friday 11 November with two streams available for participants as per the below.

Israel is known globally as an agritech powerhouse with significant depth in research and innovation, a world – leading eco system for startups and early stage agritech businesses, sophisticated capital markets, world – wide distribution experience for agritech products and services. These attributes lay the foundations for new and enduring partnerships between early stage and mature New Zealand and Australian businesses who are looking to partner with compatible partners in Israel, reducing the time, costs and risks of achieving accelerated growth especially into new markets.

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Animal management solutions company Datamars has bought New Zealand-based livestock handling equipment manufacturer Prattley Industries, as part of its Datamars Livestock business.

The acquisition allows Datamars to provide end-to-end animal management equipment and technology packages.

Prattley has built a reputation with livestock producers through the manufacture and sale of mobile yards, drafting units and conveyor belts, primarily for the sheep sector in New Zealand, Australia, the United Kingdom and France.

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Shining a light on cash flow challenges

Cash flow management is consistently raised as an issue that small businesses are concerned about, but there is little hard data measuring the extent of the problem. Crunch: Cash flow challenges facing small businesses - Part I used data from over 200,000 small business in Australia, New Zealand and the United Kingdom to measure just how prevalent the problem is. The paper uses the term “cash flow crunch” to describe a month where expenses are greater than revenues. The research shows that cash flow management is a systemic and persistent issue that impacts almost all small businesses.

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This is your chance to see how smart technologies will transform your business!

Spaces are now available in October. Experience this interactive showcase and see how Nautech Electronics have incorporated a smart, technology-driven approach to improve their efficiency, connect processes, streamline production, and solve common manufacturing issues. To register for the below events, please click here

For updates on BusinessNZ advocacy and for the latest Advocacy Update, BusinessNZ's advocacy newsletter, have a look at the new advocacy the website here.

Don’t forget to check out our contract manufacturers directory if you are looking for contract manufacturing support or you are wanting to advertise your services.

More ->>

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