BusinessNZ has welcomed the ACC 2015/16 levy proposals which show that the Work, Earners, and Motor Vehicle Accounts are now fully funded, and that significant premium reductions are possible for next year.
Economy & Tax
Cold snap – PSI
Expansion in the services sector eased back during May, with a seasonally adjusted PSI for May at 54.2.
Middling May – PMI
Although still in positive territory, a second consecutive slowdown in expansion meant the manufacturing sector was at similar levels last seen over a year ago, with a seasonally adjusted PMI for May at 52.7.
Good things happening, always room for more – ExportNZ assesses Business Growth Agenda
ExportNZ welcomes the latest version of the Business Growth Agenda and says it’s a good document because it pulls together all the actions being taken by Government to boost export growth and measure progress.
Business Growth Agenda scoring runs, could be addressing more complex problems
Today’s Business Growth Agenda update shows progress being made towards a stronger economy, says BusinessNZ.
More sophisticated approach than carbon tax needed
The business community is disappointed by the Green Party carbon tax policy, saying it would not be good for communities, bringing potential loss of jobs and industry.
Top service – PSI
Activity in the services sector continued its upwards momentum during April, with a seasonally adjusted PSI for April at 58.9.
Autumn tinge – PMI
Despite a dip, New Zealand’s manufacturing sector remains in solid expansion, with a seasonally adjusted PMI for April at 55.2.
Solid progress in 2014 Budget
The Government’s measured approach to economic management is achieving solid progress, says BusinessNZ.
Budget 2014 – Key Issues and Outcomes
BusinessNZ’s summary of the 2014 Budget.
BIAC’s Economic Policy Survey – Business calls for ambitious reforms and greater focus on implementation
BIAC publishes the results of its 2014 Economic Policy Survey and calls for urgent reduction of the regulatory burden on business.
Caution on Reserve Bank policy proposals
BusinessNZ has expressed caution about proposed changes to monetary policy outlined by Labour today.