Happy Friday!
We're seeing some good signs in the industry as we reach the omicron peak and start to resume business as usual.
The Performance of Manufacturing Index (PMI) for February showed a slight increase from the previous month (up to 53.6), while the signs are positive, there are still lingering issues with COVID-19, global supply chains, and also the Russian Invasion of Ukraine that are causes for concern.
Xero's recently released Small Business Index showed similar positive results, with a reported 15.7 per cent increase in sales year on year for the manufacturing industry. We're keen to know if the PMI and SBI results are in line with what our members are experiencing, so if you have any thoughts, please send them through to me.
With the next phase of border reopenings brought forward, temporary work visa holders will be able to enter New Zealand from Tuesday 12th April. We are relieved by the announcement and will continue to advocate for a relaxed border setting. We also note that the border will open to Accredited Employer Work Visa (AEWV) holders from July at the latest.
Enjoy your weekend,
Josh