Manufacturing in Otago and Southland during November
eclipsed an otherwise lacklustre national effort, heading up
the four regional territories.
Otago-Southland topped the scale at 65 points, with
Canterbury-Westland on 62, the northern North Island on 56.6
and the central North Island on 51.7, according to the
monthly BNZ Business New Zealand performance of manufacturing
Scores above 50 show expansion, and below 50 contraction. The
national result was up only slightly from October at 48.8
points, after seasonal adjustments are made.
Otago Southland Employers' Association chief executive John
Scandrett had expected to see some expansion come through the
southern data this month, reflected by Otago Southland
logging 54 points in October and yesterday's ''strong''
''The November sub-indices readings all present expansionary
''It's great to see the continuing buoyancy on a widespread
production focus, especially so since new orders and
deliveries have dropped into line, or in some cases have
exceeded the manufacturing capacities available,'' Mr
Scandrett said in a statement.
He said southern business owners appeared to be anticipating
that gains would eventually materialise and they were willing
to take ''prudent and timely steps'' to be prepared for that.
Earlier this week, Statistics New Zealand data showed strong
outcomes across agribusiness generally for the quarter to
September, and the November manufacturing index supported the
fact Otago Southland food and beverage operators were
experiencing uplift in those areas, Mr Scandrett said.
BNZ economist Doug Steel said many factors influencing
manufacturing remained, some positive and some negative.
''While the overall results have been relatively stable of
late, there continues to be considerable variation in the
details,'' Mr Steel said.
The accumulating evidence of improvement in construction
activity gave some cautious optimism for 2013, amid some
obvious strong headwinds such as the strength of the New
Zealand dollar ''and patchy international demand'', he said.