Canty manufacturers lose confidence

Confidence among Canterbury manufacturers dipped this month despite sales in December increasing 17 per cent.

The Canterbury Manufacturers' Association (CMA) survey of business showed net confidence dropped to minus 10 per cent this month from minus 8 per cent last month.

Exports in December were up 12 per cent and domestic sales up 22 per cent.

The current performance index (a combination of profitability and cash flow) was at 97.5, up from the previous month's 97.