Articles tagged with Manufacturing Sector

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New Zealand Manufacturing Grows 14 Months Straight with Broad Industry Expansion

New Zealand's manufacturing sector has expanded for 14 consecutive months, with growth spreading across all main industry groups and regions, as reflected in the BNZ-BusinessNZ Performance of Manufacturing Index (PMI) reading of 53.1 for August. Increased new orders and solid production indicate positive momentum, supported by government initiatives like the Investment Boost to enhance productivity. Despite global uncertainties, New Zealand manufacturers are outperforming major economies, contributing significantly to employment, GDP, and exports while receiving strong governmental support.

WorkSafe NZ Enhances Machine Safety Training for Inspectors to Boost Workplace Safety

Workplace Relations and Safety Minister Brooke van Velden announced that all WorkSafe New Zealand inspectors have completed updated machine safety training to improve risk assessment and management. This training was developed in response to feedback from manufacturing businesses about unclear and impractical safety assessments, aiming to provide clearer, more practical guidance focused on real risks. The enhanced training, including workshops like the one at Burnham Military Camp, strengthens inspectors' technical expertise, enabling them to issue specific, effective safety actions that better protect workers and increase confidence in the system.

Strong Q3 Economic Growth Boosts Confidence Ahead of Christmas, Says Finance Minister

Finance Minister Nicola Willis welcomed the strong 1.1% economic growth in the third quarter, driven by 14 of 16 sectors, signaling a positive turnaround after challenging years. Key job-rich sectors like manufacturing, construction, and business services showed significant growth, alongside increases in exports and investment, indicating promising future job prospects and higher incomes. With GDP per capita rising 0.9% and forecasts predicting accelerated growth and lower unemployment next year, the government’s strategy to strengthen the economy appears effective.