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MESSAGE FROM THE EXECUTIVE DIRECTOR | Kia ora! The March PMI result dipped after improving the month before, dropping 2 points to 47.1 – a strong contraction that keeps the index well below positive territory. Key sub index results for New Orders (44.7) and Production (45.7) are both struggling, with respondents mentioning ‘a lack of orders’, and the words ‘economic slowdown.’ BusinessNZ and ExportNZ are currently putting together a submission on the Climate Change Commission’s Review of New Zealand’s 2050 Emissions Target and whether or not emissions from international shipping and aviation should be included. This will likely affect manufacturers that are exporting, but also those that import materials and equipment. If youa re interested in learning more about the Review, and making a submission, please see the details below. You can also speak to us on the issue by emailing me (jtan@businessnz.org.nz). Have a great week! Josh
| Ngā Mihi,Joshua Tan, jtan@businessnz.org.nz | | Joshua Tan, Executive Director ExportNZ & ManufacturingNZ | | | |
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Activity in New Zealand’s manufacturing sector experienced stronger contraction during March, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI).
The seasonally adjusted PMI for March was 47.1 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining). This was down from 49.1 in February and the lowest result since December 2023. The sector has now been in contraction for 13 consecutive months.
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Manufacturing Survey by timecloud
| We're looking for your insights on workforce management and employee wellbeing within NZ manufacturing and how technology can make things better. Your feedback will help us create solutions that will benefit the industry, and as a bonus, you could win one of three $100 vouchers!
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Business has the edge in age of AI
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Kirk Hope: The agricultural revolution transformed humanity from a species of hunter-gatherers to farmers. The industrial revolution mechanised manufacturing and created factories. We’re living through another revolution right now; intelligence – a new wave, changing society as we know it.
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Review on whether emissions from international shipping and aviation should be included in the 2050 target
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Aotearoa New Zealand’s 2050 emissions reduction target includes emissions from domestic shipping and aviation, but excludes emissions from international shipping and aviation.Alongside our 2024 review of this target and our advice on the fourth emissions budget period, the Commission is developing advice for the Government on whether these emissions should be included in the target. | | | |
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The 10 factors of digital transformation success
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IfM Engage Industrial Associate Kam Gossal explains how manufacturers can best align their digital transformation programmes and the key factors behind their success.
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China already manufactures too much. Now it wants to make more
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As its economy stagnates, China is doubling down on a policy agenda that threatens to destabilize global economic growth and the energy transition. In response, the United States should send a clear message that the world will not absorb the costs of these distortionary policies, and should work with our allies toward a more durable framework for global growth.
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Future-Proof Your Business With Smart Manufacturing
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Industry 4.0, as it's often called, is all about data, with innovative technologies at our fingertips opening the door to new ways to improve business efficiencies. The term "Industry 5.0" is already being used to describe the growing buzz around AI and robotics collaborating with humans more effectively.
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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.
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Missed an issue of The Exporter? Click here to access all previous issues in our Newsletter Archive.
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