Manufacturers are feeling more confident even as sales fell further during January, the New Zealand Manufacturers and Exporters Association’s latest survey of business conditions shows.
Total sales among the survey sample fell 3 percent, with export sales down 32 percent and domestic sales up 15 percent on a year earlier.
Net confidence rose to 45, from minus 11 the previous month.
Association chief executive John Walley said that although confidence had turned positive after two years in negative territory, that would be little comfort until sales and jobs started to pick up.
Markets were reportedly starting to improve, but the exchange rate continued to hit profitability, even in industries …
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Tags: business confidence, manufacturers, manufacturing, new zealand
