Today’s announcement by Government outlining a $2.5 million funding package for business is welcomed by business.

Today’s announcement by Government outlining a $2.5 million funding package for business is welcomed by business.
Industry associations are working towards further coordination of the Christchurch relief operation.
Forward indicators were pointing to an upturn for the NZ economy until the Christchurch earthquake, according to the BusinessNZ Planning Forecast.
BNZ & BusinessNZ advise that their monthly surveys of the manufacturing and services sectors will not be operational for the month of February.
BusinessNZ says the support package announced today for employers and employees is timely.
CEOs of 50 leading New Zealand companies today developed a Steering Group to co-ordinate private sector support for Christchurch following this week’s devastating earthquake.
Overall activity in the service sector for the first month of 2011 displayed a fairly lacklustre beginning, while the newly established Combined Index shows a similar pattern to the end of 2010. The seasonally adjusted PSI for January was 50.8.
Overall activity in the service sector for the last month of 2010 ended up being a repeat of 2009, with a seasonally adjusted PSI for December at 52.5.
Activity in the service sector is exhibiting little Christmas cheer, with a seasonally adjusted PSI for November at 51.4.
Dunedin businessman Philip Broughton was today elected President of BusinessNZ.
Despite a dip in expansion, the service sector activity continued to keep its head above water, with a seasonally adjusted PSI for October at 52.0.
BusinessNZ Chief Executive Phil O’Reilly reports on business issues in South America.