NZ manufacturers surprisingly upbeat about 2023

RML Engineering's Daryl Joyce, left, says the firm's busy, but it's hard to make predictions. (Image: MYOB)

Thu, 06 Oct 2022

A solid majority of New Zealand mid-sized manufacturers are telling accounting software firm MYOB they expect 2023 to be better than this year, although gyrating exchange rates are not helping.The survey of 124 NZ firms in September appears to chime with a lift in the Business NZ-Bank of NZ Performance of Manufacturing Index and a smaller net proportion of pessimists in the NZ Institute of Economic Research quarterly survey of business opinion, released this week.The survey was taken before today’s 50-basis-point increase in the Reserve B...

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