New exemptions from seismic strengthening requirements show the policy is inconsistent and unnecessary, says BusinessNZ.
A policy requiring buildings to be demolished or upgraded to national earthquake standards is excessive and could be unaffordable for some communities, says BusinessNZ.
ManufacturingNZ welcomes the Government’s announcement today at the Prime Minister’s Pre-Budget Luncheon hosted by Fujitsu and BusinessNZ, that it is spending up to $20 million for an extra 6,000 apprenticeship places.
New Zealand’s services sector experienced a positive and solid level of expansion heading into Xmas, with a PSI for November at 56.3.
Changes to the earthquake-prone buildings policy announced today do not adequately address the concerns of business and local communities, says BusinessNZ.
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.
A drop in expansion meant the service sector only just managed to keep on the positive side, with a seasonally adjusted PSI for October at 50.6.
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 service sector experienced a solid if unspectacular result halfway through 2011, with a seasonally adjusted PSI for July at 54.5.
The service sector continues to roll into higher levels of expansion, with a seasonally adjusted PSI for June at 54.7.
Activity in the manufacturing sector for June saw an ongoing and steady level of expansion, with a seasonally adjusted PMI for June at 54.3.