After six consecutive months of expansion, manufacturing activity fell into contraction during October, with a seasonally adjusted PMI for October at 46.5.
Media Releases
Recent media releases from BusinessNZ.
Slower ETS welcome but not enough
The slower introduction of the full effects of the ETS is welcome but National’s Environment and Climate Change Policy announced today would impose too much additional cost on businesses and households, says BusinessNZ Chief Executive, Phil O’Reilly.
BusinessNZ welcomes innovation policy as best action for high tech manufacturing & services growth
The innovation policy released by the Government today is the best single action that could be taken to grow high tech manufacturing and services in New Zealand, says BusinessNZ, Chief Executive, Phil O’Reilly.
Employers support focus on youth
BusinessNZ says it’s good that the Government is focusing on youth employment in its employment relations policy announced today.
Workers not helped by superannuation proposal
Labour’s superannuation policy would backfire on workers, says BusinessNZ.
Politians speaking with business
The Deloitte-BusinessNZ Election Conference is the political event for business and the economy.
KiwiSaver plan not easy for business
Employers are unlikely to be cheering the Government’s decision to go ahead with auto-enrolment in KiwiSaver, says BusinessNZ.
National Awards and Strikes come with Labour’s employment policy
Employment policy released by the Labour Party today would lead straight back to strike-ridden National Awards, says BusinessNZ.
Service sector expansion within tight band – PSI
The service sector remains within a very tight band of expansion that has now continued for three months, with a seasonally adjusted PSI for September at 53.2.
Manufacturing keeps its head above water – PMI
Despite another dip in expansion, manufacturing activity managed to keep its head above water, with a seasonally adjusted PMI for September at 50.8.
Healthy levels of business and sales means service sector remains in positive light – PSI
Continuing healthy levels of new business/orders and activity/sales kept the service sector in expansion for August, with a seasonally adjusted PSI for August at 53.9.
Carbon cost issues still a concernpositive light
Slowing down the implementation of New Zealand’s emissions trading scheme would be a good move, says BusinessNZ.