Positive news from the manufacturing sector.
Data from inventory management software company Unleashed shows that both revenue and profitability is up.
In the first quarter of the year, revenue across the sector was up 7.5%, and profitability was up 30% compared to the same time last year.
Food, beverage, and the building industry are the big winners.
Alan McDonald, EMA Head of Advocacy, Finance and Strategy, told Mike Hosking this latest survey just reinforces the trend we’re seeing about growing confidence in the sector.
He says all signs indicate things are looking much better down the track.
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Speaker 1 (00:09):
You're listening to a podcast from newstalk ZEDB. Follow this
and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:16):
More good news on the economy in our manufacturing sector.
So we see revenue and profitability is up for the
first quarter of this year. So we've got revenue up
seven and a half percent, profitability up thirty Food and
beverage and building industry, they're the big winners. EMA's head
of Advocacy, Finance and Strategy, Ellen McDonald is back with this. Ellen,
very good morning to you.
Speaker 3 (00:33):
Good morning, my king. Congrats on another award.
Speaker 2 (00:35):
You're very kind, Thank you very much. So when I
look at the PMI as I do, is that reflective
of what's actually going on along with things like the
confidence measures that seem to be all over the place.
Speaker 3 (00:46):
Yeah, I think that that corner that would keep turning, well,
it's still some way off. All the indicators are heading
in the right direction, and this latest survey kind of
it just reinforces the trend. I think that you're seeing
in the PMI and you're seeing in some of the
other confidence indicators, which are all saying that a bit
further down the track things go looking much better. But
(01:06):
I think the key to that is a bit further
down the track.
Speaker 2 (01:09):
Okay, do we have a trend at this point because
I know this PMI is up at least four months
in a row, isn't it.
Speaker 3 (01:15):
Yeah, coming off a low base unfortunately, but I think
that the confidence is returning. It's still pretty patchy, and
I think in the latest survey at highlights, for example,
the food and beverage industry, and when you look at
say that, you know Apple and Peer returns had a
billion for the first time, dairy record prices, red meat
going strongly, zespry with a record crop and high prices
(01:37):
as well, you would expect some confidence in that sector.
It also happened to be at a celebration of the
space industry earlier. We can Peterbecks reporting a six hundred
percent boost in revenue year on year. It's amazing, amazing number.
Speaker 2 (01:52):
It's good to be able to talk in a country
of five million people of the space industry. A couple
of numbers at you. Beverage manufacturing revenue doubled to two
hundred and forty five thousand for the quarter of food
manufacturing up one hundred and thirteen percent. So what you're
saying is, yeah, those headline numbers look good, but they're
off low basis. Is that what you're saying.
Speaker 3 (02:08):
And I'm not quite sure on the sample size because
that particular study has done over three countries and fifteen
hundred businesses. So I think it's more important that it
reinforces the tread night rather than the content.
Speaker 2 (02:20):
Because here's the text and this will give you some context.
Morning Mike. You're saying manufacturing New Zealand's booming. What drugs
are you taking managing a sizeable manufacturing plant which is
one of five in New Zealand. I can assure you
it's in survival mode. It's not likely to end well
for several hundred people at one plant. Is that real
or not?
Speaker 3 (02:37):
That's very real, And that's what we're seeing on the
ground still is that, as I said earlier, it's still
quite patchy. And I know a lot of our manufacturers
are keeping a very wary eye on the energy pricing
because another winter with those massive spikes. Now we've gone
from energy pricing it was internationally competitive to actually shutting
our own businesses, and when we're paying large manufacturers to
(03:00):
feed energy back into the system instead of actually making stuff,
so they're feeding back into the system to keep other
people afloat. That's says things are badly wrongly.
Speaker 2 (03:10):
I don't want to make it too political, but I
mean ty was in the news for that very reason
this week. But when you cut off exploration of gas
as they did as a prevent government did, I mean
that's bought. It's not only negligent, but it's treasonous, isn't it,
Because you must know that this is the outcome when
are going to live through.
Speaker 3 (03:28):
Well, no economies cope with sudden shocks like that or
any sudden shock very well. And you've only got to
look at the uncertainty that the White House is creating
around the world to see that.
Speaker 2 (03:37):
All right, mate, you have a good weekend. Ppreciator Alan McDonald,
the EMA head of Advocacy, Finance and Strategy. Do you
think anyone's going to Holdhipkins to account for that because
he's the last one left? Of course, you would ask
Syndra if she could be bothered leaving Boston, or you'd
ask Granted, Bee came out of his cloistered and environs
of a tago, but Hipkins is the last one left
standing watching the coal pile into the country and Ty
(03:57):
was in the news. Didn't get covered enough. This week,
Ty was allowed to go back and do regular business
because they couldn't do regular business because the deal they
have with Meridian means they have to cut hail their
production because we don't have enough power to run this country.
Speaker 1 (04:13):
For more from News Talk st B, listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio.
You're listening to a podcast from newstalk ZEDB. Follow this
and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:16):
More good news on the economy in our manufacturing sector.
So we see revenue and profitability is up for the
first quarter of this year. So we've got revenue up
seven and a half percent, profitability up thirty Food and
beverage and building industry, they're the big winners. EMA's head
of Advocacy, Finance and Strategy, Ellen McDonald is back with this. Ellen,
very good morning to you.
Speaker 3 (00:33):
Good morning, my king. Congrats on another award.
Speaker 2 (00:35):
You're very kind, Thank you very much. So when I
look at the PMI as I do, is that reflective
of what's actually going on along with things like the
confidence measures that seem to be all over the place.
Speaker 3 (00:46):
Yeah, I think that that corner that would keep turning, well,
it's still some way off. All the indicators are heading
in the right direction, and this latest survey kind of
it just reinforces the trend. I think that you're seeing
in the PMI and you're seeing in some of the
other confidence indicators, which are all saying that a bit
further down the track things go looking much better. But
(01:06):
I think the key to that is a bit further
down the track.
Speaker 2 (01:09):
Okay, do we have a trend at this point because
I know this PMI is up at least four months
in a row, isn't it.
Speaker 3 (01:15):
Yeah, coming off a low base unfortunately, but I think
that the confidence is returning. It's still pretty patchy, and
I think in the latest survey at highlights, for example,
the food and beverage industry, and when you look at
say that, you know Apple and Peer returns had a
billion for the first time, dairy record prices, red meat
going strongly, zespry with a record crop and high prices
(01:37):
as well, you would expect some confidence in that sector.
It also happened to be at a celebration of the
space industry earlier. We can Peterbecks reporting a six hundred
percent boost in revenue year on year. It's amazing, amazing number.
Speaker 2 (01:52):
It's good to be able to talk in a country
of five million people of the space industry. A couple
of numbers at you. Beverage manufacturing revenue doubled to two
hundred and forty five thousand for the quarter of food
manufacturing up one hundred and thirteen percent. So what you're
saying is, yeah, those headline numbers look good, but they're
off low basis. Is that what you're saying.
Speaker 3 (02:08):
And I'm not quite sure on the sample size because
that particular study has done over three countries and fifteen
hundred businesses. So I think it's more important that it
reinforces the tread night rather than the content.
Speaker 2 (02:20):
Because here's the text and this will give you some context.
Morning Mike. You're saying manufacturing New Zealand's booming. What drugs
are you taking managing a sizeable manufacturing plant which is
one of five in New Zealand. I can assure you
it's in survival mode. It's not likely to end well
for several hundred people at one plant. Is that real
or not?
Speaker 3 (02:37):
That's very real, And that's what we're seeing on the
ground still is that, as I said earlier, it's still
quite patchy. And I know a lot of our manufacturers
are keeping a very wary eye on the energy pricing
because another winter with those massive spikes. Now we've gone
from energy pricing it was internationally competitive to actually shutting
our own businesses, and when we're paying large manufacturers to
(03:00):
feed energy back into the system instead of actually making stuff,
so they're feeding back into the system to keep other
people afloat. That's says things are badly wrongly.
Speaker 2 (03:10):
I don't want to make it too political, but I
mean ty was in the news for that very reason
this week. But when you cut off exploration of gas
as they did as a prevent government did, I mean
that's bought. It's not only negligent, but it's treasonous, isn't it,
Because you must know that this is the outcome when
are going to live through.
Speaker 3 (03:28):
Well, no economies cope with sudden shocks like that or
any sudden shock very well. And you've only got to
look at the uncertainty that the White House is creating
around the world to see that.
Speaker 2 (03:37):
All right, mate, you have a good weekend. Ppreciator Alan McDonald,
the EMA head of Advocacy, Finance and Strategy. Do you
think anyone's going to Holdhipkins to account for that because
he's the last one left? Of course, you would ask
Syndra if she could be bothered leaving Boston, or you'd
ask Granted, Bee came out of his cloistered and environs
of a tago, but Hipkins is the last one left
standing watching the coal pile into the country and Ty
(03:57):
was in the news. Didn't get covered enough. This week,
Ty was allowed to go back and do regular business
because they couldn't do regular business because the deal they
have with Meridian means they have to cut hail their
production because we don't have enough power to run this country.
Speaker 1 (04:13):
For more from News Talk st B, listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio.
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