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Economic Survey of Manufacturing: September 2013 quarter
Embargoed until 10:45am  –  09 December 2013
Definitions

About the Economic Survey of Manufacturing

The Economic Survey of Manufacturing (ESM) provides short-term economic indicators for the manufacturing sector. The data is also used to compile the manufacturing sector component of the quarterly national accounts. Published values exclude GST.

More definitions

Additions to fixed assets: purchases of fixed assets (including land) plus capital works by own employees. Revaluations are excluded. Collection of data for this variable ceased from the December 2012 quarter.

ANZSIC: Australian and New Zealand Standard Industrial Classification.

Business Frame: a register of all economically significant businesses that operate in New Zealand. The population of the ESM is drawn from the Business Frame.

Disposals of fixed assets: sales of fixed assets (including land) at selling prices. Devaluations are excluded. Collection of data for this variable ceased from the December 2012 quarter.

Enterprise: a business entity operating in New Zealand either as a legally constituted body such as a company, partnership, trust, local or central government trading organisation, or as a self-employed individual.

Kind-of-activity unit: a subdivision of an enterprise engaged in predominantly one activity and for which a single set of accounting records is available.

NZSIOC: New Zealand Standard Industry Output Classification. An ANZSIC-based classification that groups industries for publication.

Purchases and operating expenditure: something obtained, especially for a price in money or its equivalent.

The following are included:

  • purchases of goods, fuels, and materials (whether for production or resale)
  • general expenses (eg advertising, freight, insurance, motor vehicle, rates, rent, repairs, utilities)
  • management fees and payments to other businesses or divisions
  • payments to welfare and superannuation schemes (eg ACC, KiwiSaver)
  • royalties and patent fees.

While these are excluded:

  • interest, dividends, donations, and bad debts
  • excise duty, fringe benefit tax, and road user charges
  • extraordinary items (eg exchange rate losses, losses on sales of fixed assets)
  • depreciation.

Rolling mean employment: a 12-month moving average of the monthly employee count.

Salaries and wages: includes gross salaries, wages, bonuses, and redundancy payments to employees. Excludes drawings, salaries, and wages paid to working proprietors and payments to welfare and superannuation schemes (eg ACC, KiwiSaver).

Sales and other operating income: the transfer of ownership of and title to goods or services from one person or entity to another for a price.

The following are included:

  • sales of goods (whether manufactured, processed, or traded)
  • sales of services (including repair services)
  • manufacturing, processing, and management fees
  • rental and leasing income
  • royalties and patent fees.

While these are excluded:

  • interest, dividends, donations, bad debts, and insurance claims
  • excise duty, government grants, and subsidies
  • extraordinary items (eg exchange rate gains, gains on sales of fixed assets).

Stocks of raw materials: crude or processed material that can be converted by manufacture, processing, or combination into a new product. Stocks include materials, fuels, and livestock.

Stocks of finished goods: goods ready for sale without further transformation. Stocks includes work in progress.

Volume series: are value series that are adjusted (divided by price indexes) to remove the effect of price changes. They provide a measure of quantity change and are currently expressed in September 2010 quarter dollars. The price indexes used are from the producers price index and are available on Infoshare.

 

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