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NZ Manufacturers Face Heat from Middle East Conflict
Description
Manufacturing in New Zealand takes a hit as revenues and profits plummet due to Middle East conflict, with average profit margins dropping thirty-one percent and sales down fifty-eight percent. Inventories hit rock bottom, but some sectors like beverages, electronics, food, energy, and industrial machinery saw margins improve. Raw material orders fell due to supply chain issues and inflation. Looking ahead, manufacturers are urged to leverage tech and data for efficiency and competitiveness.
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