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message from the executive director

It is great to see the Performance Manufacturing Index back in expansion for the first time after a lacklustre three months of decline and the forward orders look quite strong which bodes well for continued expansion next month.  Positive comments were more dominant (57%) than negative comments, which was also good.

I was at Parliament last week to share in the celebration of Rocket Lab, and it is great to see that an industry that was kicked off pretty singlehandedly by entrepreneur Peter Beck has already turned into an industry directly employing 5000 highly skilled people. Who knows what else New Zealand is capable of?

I hope some of you manufacturers are cashing in on NZ Made day – see more below..

Catherine Beard

027 463 3212 or cbeard@businessnz.org.nz

Back in black – PMI

New Zealand's manufacturing sector displayed expansion for the first time since June, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI).

The seasonally adjusted PMI for October was 52.6 (a PMI reading above 50.0 indicates that manufacturing is generally expanding; below 50.0 that it is declining).  This was the highest level of activity since April 2019.

BusinessNZ's executive director for manufacturing Catherine Beard said that the October result was a welcome change from three consecutive months in contraction.

More ->>

NZ Made Day kicks off

Buy NZ Made executive director Ryan Jennings has pressed the button on an annual day dedicated to celebrating products Kiwis are making for Kiwis.

November 21 is the launch of ‘NZ Made Day’, a day that encourages Kiwis to buy at least one locally made item from retailers or direct from the manufacturer.

"Manufacturers that create direct relationships with consumers can offer customised products or simply pass on the retail savings, something that 'stack 'em high' big box retailers importing from overseas may struggle to match."

Earlier this week, two brands built on Kiwi values - Kathmandu and Cactus Outdoor - announced they are leading efforts to strengthen New Zealand’s outdoor apparel manufacturing industry with a line of certified ‘Buy NZ Made’ products launching in Kathmandu stores across the country.

"Brands like Cactus Outdoor and Kathmandu are stronger than ever because they have found their edge with customers by guaranteeing product longevity and customisation over generic fast fashion."

Consumers who purchase any NZ Made product displaying the Kiwi trademark, including two new 'NZ Made' caps released for NZ Made Day, can win one of five $1000 giveaways by texting 313 with the details of the purchase.

More ->>

Space NZ's infant space industry already worth $1.69 billion

It might come as a shock to some we even have a space industry, but it's apparently worth $1.69 billion to the New Zealand economy, a new report has found.

It employs 5000 people directly and supports another 7000 jobs indirectly, the Deloitte report - commissioned by the Ministry of Business, Innovation and Employment - found.

"That number represents firstly the direct contribution in terms of the space economy's own production, but then also on top of that the supporting industries," NZIER principal economist Christina Leung told The AM Show on Friday.

"It also shows that in this environment where there's a lot of talk on the decline of manufacturing in New Zealand, there are actually opportunities for the manufacturing sector - but they are in very niche areas."

About $247 million of the $1.69 billion total is in space manufacturing, $150 million in space operations, $221 million in ancillary services (support), $119 million in research and development and $10 million in Government (regulatory oversight and policy making).

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WorkSafe commits to Pacific worker safety programme

WorkSafe New Zealand is today celebrating its formal commitment to a programme that ensures Pacific peoples are kept healthy and safe at work.

The Puataunofo ‘Come Home Safely’ programme, which has existed in a limited capacity since 2006, now has the formal backing of WorkSafe to engage and educate Pacific peoples working in higher risk industries in Auckland.  This commitment will ensure the programme is better resourced by WorkSafe staff, and is rebranded as a regulatory intervention – including improvements to presentation material, programme collateral and video content.

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Research and Development (R&D) Tax Incentive eligibility tool

This tool will help you determine if your organisation and activity may be eligible for the research & development tax incentive.

To be able to claim, your business must be based in New Zealand, and have eligible R&D expenditure of at least $50,000 in your income (tax) year. The minimum spend does not apply if you contract out your R&D to an approved research provider. 

The tool takes you through a three step process. To be eligible for the R&D tax incentive you must satisfy requirements in each step.

Find out more ->>

Government procurement feedback survey

Getting government procurement right is important. You spend a lot of time and money bidding for and managing government contracts.

New Zealand Government Procurement (NZGP) want to know what’s working and what needs improving in procurement planning and sourcing. Your feedback will help shape and grow procurement capability in the Public Sector.

Your individual responses will be held confidentially by the Capability Services Team and the Business Information and Analysis Team within New Zealand Government Procurement.These are not procurement teams: they work to help improve procurement practice across government.

More info here

Take the survey here

Contract Manufacturers

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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