Expansion across most sub-indices meant overall manufacturing expanded for the first time since April 2008, with a seasonally adjusted PMI for September at 51.7.
Media Releases
Recent media releases from BusinessNZ.
New orders/business boosts service sector activity for August – PSI
The service sector continued on its road to recovery as the August result provided the first consecutive monthly expansion since early 2008, with a seasonally adjusted PSI for August at 51.3.
Weaker production and new orders slow manufacturing recovery – PMI
A lower result for both production and new orders meant activity fell back for August, with a seasonally adjusted PMI for August at 48.7.
Service sector out of decline for first time in 16 months – PSI
The service sector showed its first sign of expansion (albeit at a very modest level) for the first time since March 2008, with a seasonally adjusted PSI for July at 50.1.
Manufacturing activity agonisingly close to expansion – PMI
A positive result for both production and new orders helped push manufacturing activity further out of the doldrums in July, with a seasonally adjusted PMI for July at 49.7.
Balanced approach appropriate
An emissions target range of 10-20% below 1990 levels by 2020 is a significant challenge, but strikes a sensible balance given New Zealand’s circumstances, says BusinessNZ.
Unemployment rate in context
BusinessNZ says the six percent unemployment rate released today needs to be looked at in light of the economic events of the last two years.
Positive multipronged approach to youth unemployment
BusinessNZ is endorsing the multipronged approach to youth unemployment announced today.
Sustainability report a useful step towards accurate reporting
BusinessNZ has welcomed steps towards accurate reporting on sustainability.
Mission critical – productivity
BusinessNZ has launched a set of proposals for tackling New Zealand’s big challenge – productivity.
BusinessNZ welcomes more investment migrants
A relaxation of New Zealand’s Migrant Investment Policy has been welcomed by BusinessNZ.
Work permits agreement – business & government working well together
A new approach to migrant workers has been welcomed by BusinessNZ.