NZ economy – onwards and upwards

NZ economy – onwards and upwards

The BusinessNZ Planning Forecast shows nearly all key indicators for the economy are positive.

The manufacturing and services sectors continue to show solid growth, international commodity prices remain firm, and business and consumer confidence are high.

The construction sector is growing strongly, led by the Christchurch reconstruction and the flow-on effects of building seismic strengthening.

BusinessNZ economist John Pask says data coming out of the major world economies show recent improvement, which is good news for New Zealand exporters.

“But high household debt is a continuing issue. When interest rates rise again, the cost of servicing high debt levels will adversely affect households. It will also likely impact on the NZ dollar to the detriment of exporters,” Mr Pask said.

The BusinessNZ Planning Forecast incorporates BusinessNZ’s Economic Conditions Index (ECI) which tracks 33 indicators, including GDP, export volumes, commodity prices and inflation, debt and confidence figures.

The ECI sits at 17 for the September quarter, up 3 on the previous quarter and up 14 on a year ago.

Click here to view the BusinessNZ Planning Forecast for the September 2013 quarter.

Contact:

Phone:

Email:

27 Sep, 2013
| Media Releases

Related News

BusinessNZ supports fast-track Bill

Apr 9, 2024 |

BusinessNZ welcomes the introduction of the Fast-Track Approvals Bill and its referral to the Environment Select Committee for public submissions, but says resourcing of the expert panel is critical to achieving its objective. BusinessNZ Chief Executive Kirk Hope says...

Transport for the long-term

Mar 5, 2024 |

The Government’s policy statement on transport indicates a long-term vision, BusinessNZ says. BusinessNZ Advocacy Director Catherine Beard said the Government Policy Statement (GPS) on Land Transport showed a sound approach to funding and appropriate long-term...

Better approach to business payments needed

Feb 22, 2024 |

BusinessNZ supports the repealing of the Business Payment Practices Act. “BusinessNZ is instead working with its large business group to develop a voluntary code to ensure small businesses are paid on a timely basis,” BusinessNZ Chief Executive Kirk Hope said. Mr Hope...

NZ Economy: Turning the page

Dec 11, 2023 |

The latest BusinessNZ Planning Forecast shows business confidence is increasing, but New Zealand’s economic growth is still expected to be relatively low over the forecast period out to December 2025.

ENTERPRISES WORRIED ABOUT COST OF DOING BUSINESS

Sep 22, 2023 |

The high cost of doing business is the stand-out issue for New Zealand businesses, according to the results of the Deloitte and Chapman Tripp Election Survey released today. 93 percent of respondents said changes made by the Government had increased their cost of...