Results for the month of June confirm a solid and expansionary first half of the year for the manufacturing sector, with a seasonally adjusted PMI for June at 54.7.
Economy & Tax
NZ economy – gaining traction
The BusinessNZ Planning Forecast indicates that the New Zealand economy is gaining traction.
Brighter horizons – PSI
Service sector expansion for May continued a solid run of recent expansion with a seasonally adjusted PSI for May at 56.2.
Magic May – PMI
The manufacturing sector recorded its highest level of activity for almost nine years with a seasonally adjusted PMI for May at 59.2.
Positive development for regional economy
Minerals exploration permits awarded today are a positive development in growing the regional economy, says BusinessNZ.
Golden weather continues – PSI
Service sector expansion for April built on the solid performance of the previous two months. The PSI for April was 56.1.
Careful, measured Budget
BusinessNZ says Budget 2013 shows a careful and measured approach to spending in areas that have the potential to improve New Zealand’s competitiveness, such as a continued focus on innovation, internationalisation and skills.
New order momentum – PMI
Continued momentum for new orders in the manufacturing sector contributed to a lift in the sector’s expansion rate. The seasonally adjusted PMI for April was 54.5.
Consistent performer – PSI
Service sector expansion for March was almost identical to the previous month, with a seasonally adjusted PSI for March at 55.4.
Marching on – PMI
The month of March finished off a healthy quarter of growth for New Zealand’s manufacturing sector with a seasonally adjusted PMI for March at 53.4.
NZ economy finely balanced
The BusinessNZ Planning Forecast indicates a finely balanced New Zealand economy, with positive economic data, but with some risks remaining.
Sun shines on service sector – PSI
The service sector continued to show a pick-up in expansion with a seasonally adjusted PSI for February at 55.5.