10 Aug 2015

Falling dollar wins back business

11:22 am on 10 August 2015

An exporters' lobby group believes firms are winning back business from their Chinese rivals, due in part to the lower dollar.

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Photo: 123rf

While business confidence had sunk in recent months, Manufacturers' and Exporters' Association chief executive Dieter Adam said the falling currency had lifted their members.

"The expectation is what we're seeing is part of a longer term trend of the dollar against the US staying at about 65 cents."

Mr Adam admitted the previously high Kiwi dollar forced exporters to be as lean and efficient as possible to cope, which was now paying off.

"We are now seeing examples of business coming back to New Zealand, where people have gone to China in the past to have components made there."