Articles tagged with Businessnz

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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.

New Zealand Manufacturing Hits Strongest Growth in Nearly Five Years

New Zealand's manufacturing sector experienced its strongest growth in nearly five years, with the BNZ-BusinessNZ Performance of Manufacturing Index rising sharply to 59.7 in June, indicating robust expansion across new orders, production, and employment. The sector, which employs over 220,000 people and contributes significantly to GDP and exports, is driving economic growth and outperforming major global economies. Government support, including the Investment Boost initiative, is helping manufacturers invest in productivity-enhancing machinery, sustaining the sector's momentum and future development.

New Zealand Manufacturing Hits Highest Activity Since 2021 with Growth and Awards

New Zealand manufacturing activity reached its highest level since December 2021, with the seasonally adjusted PMI rising to 56.1, indicating industry expansion and outperforming major global economies. Manufacturing is vital to New Zealand’s economy, employing over 220,000 people, contributing 8% of GDP, and accounting for 60% of exports, with recent growth signaling a positive outlook. To celebrate this success, the government announced the second annual Minister for Manufacturing Awards, introducing new categories to recognize small businesses, emerging leaders, and lifetime contributions, with entries opening from 23 February to 31 March 2026.

Regulation Minister Applauds BusinessNZ's Support for Regulatory Standards Bill to Cut Red Tape and Boost Business Growth in New Zealand

Regulation Minister David Seymour is welcoming BusinessNZ’s strong support for the Regulatory Standards Bill as a means to deal with red tape and regulation. “After all the misinformed opposition we’ve heard, the people who get up in the morning to make an honest buck and deliver goods and services to New Zealanders want red tape and regulation dealt to and believe this Bill will help them do that. “Submitting on the Bill at select committee today, BusinessNZ said it was an important step towards improving the quality of regulation and reducing the compliance burden on businesses by putting more scrutiny on politicians when law is made.