Continued global uncertainty is impacting on NZ’s economic performance, with a number of indicators pointing to lower growth projections than previously forecast, according to the BusinessNZ Planning Forecast....
After six consecutive months of expansion, manufacturing activity fell into contraction during October, with a seasonally adjusted PMI for October at 46.5....
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....
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....
The best terms of trade since the early 1970s and growing business confidence are bringing a positive outlook for the New Zealand economy, according to the BusinessNZ Planning Forecast....
