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Dave Sweas: Dodson Group CEO on the GDP figures set to be released · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: While we watch and waits Trump and his comments on
• 0:03
  Speaker 1: the situation in the Middle East. He's done a media
• 0:06
  Speaker 1: stand up a short time ago. Katie Fisher, a US
• 0:08
  Speaker 1: correspondent with US Katie, what's he saying?
• 0:12
  Speaker 2: Well, he's not doing anything to end this speculation as
• 0:15
  Speaker 2: to whether or not the US is going to go
• 0:17
  Speaker 2: in and help Israel. Then it's strikes.
• 0:20
  Speaker 3: We get quarter one GDP data out today.
• 0:22
  Speaker 1: We were expecting an increase of point four that's according
• 0:26
  Speaker 1: to the economists. Now they reckon something more like point
• 0:29
  Speaker 1: seven for the quarter. Manufacturing data looks strong for quarter one,
• 0:33
  Speaker 1: but things are potentially more dicey for quarter two. David
• 0:36
  Speaker 1: Sways is the CEO of Dodson Group. This is a
• 0:40
  Speaker 1: manufacturer seventy five staff across three manufacturing plants in Auckland
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  Speaker 1: and is with us for the lowdown. David, good morning,
• 0:49
  Speaker 1: Thanks for having me on RAN.
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  Speaker 3: Great to have you here. So you're a manufacturer, you're
• 0:53
  Speaker 3: an exporter. It's a niche market. Can you just give
• 0:56
  Speaker 3: us an idea of what it is you do?
• 0:59
  Speaker 2: Yes, known for the dots in line of high performance
• 1:02
  Speaker 2: car parts that we make here in Auckland and we
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  Speaker 2: distribute internationally. So those are those are transmission parts, so
• 1:09
  Speaker 2: they're upgrade parts to make kind of fast cars faster.
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  Speaker 2: And then we also manufacture precision components for other UH
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  Speaker 2: other New Zealand UH manufacturers and exporters, so things like
• 1:21
  Speaker 2: precision precision metal parts, gears, gearboxes. So we're really kind
• 1:26
  Speaker 2: of on the front end of the economic cycle and
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  Speaker 2: we get a get a good look early. We're usually
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  Speaker 2: kind of six months ahead of you know, kind of
• 1:34
  Speaker 2: the data that's coming out in the news and what
• 1:36
  Speaker 2: the central banks point notes. We we get a good
• 1:39
  Speaker 2: kind of early look at what's happening in the economy.
• 1:41
  Speaker 3: Does that mean right now things are actually okay for you?
• 1:46
  Speaker 2: Yeah? I mean look for us, I would say things
• 1:48
  Speaker 2: probably turned a corner in like February March time print,
• 1:52
  Speaker 2: and we actually feel pretty good about what's happening out there.
• 1:55
  Speaker 2: I know, you know, there was the weak print on
• 1:57
  Speaker 2: the p M I last month, and that's a prised
• 2:00
  Speaker 2: us a little bit because you know, it hasn't shown
• 2:03
  Speaker 2: up in the order book. I think maybe there was
• 2:05
  Speaker 2: there's been some trepidation on you know, what's coming on
• 2:08
  Speaker 2: to the US, But I think overall, I mean, you know,
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  Speaker 2: order books are holding up pretty strong, and uh, you know,
• 2:16
  Speaker 2: for the good news out of this GDP print is
• 2:19
  Speaker 2: that you know, wages worked have been about flat and
• 2:22
  Speaker 2: I know that doesn't sound good for workers, but that
• 2:25
  Speaker 2: that implies productivities up and and that's good for the
• 2:28
  Speaker 2: economy and that's good for the standard of living of
• 2:31
  Speaker 2: New Zealand. To see that productivity, uh, you know, back
• 2:35
  Speaker 2: on it on the type of of curve and type
• 2:37
  Speaker 2: of increase that we want to see. So and I
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  Speaker 2: think any business you know, who who who, uh you know,
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  Speaker 2: had their head in the right place over the last
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  Speaker 2: two years when things were slow, was investing in the
• 2:48
  Speaker 2: business to try to come out you know with a
• 2:51
  Speaker 2: productivity increase on the other side whence things picked up.
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  Speaker 2: And I know that's certainly certainly where we're at right now.
• 2:57
  Speaker 1: That's fantastic to hear and certainly reflect than that survey
• 3:00
  Speaker 1: we saw from two Degrees this week how businesses are
• 3:04
  Speaker 1: feeling about productivity, which is always one of our big problems.
• 3:07
  Speaker 3: David appreciate that. David spaz CEO of Dodson Group.
• 3:11
  Speaker 2: For more from Early Edition with Ryan Bridge. Listen live
• 3:14
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• 3:17
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