A report by leading economic firms shows changes to tax laws in NZ and Australia could benefit the economies of both countries by billions of dollars.
Economy & Tax
Easing of expansion continues in service sector – PSI
Expansion levels for the service sector dipped for the second consecutive month, with a seasonally adjusted PSI for July at 53.1.
Neither here nor there – PMI
NZ’s manufacturing sector remains largely in a holding pattern, with a seasonally adjusted PMI for July at 49.4.
Service sector continues expansion path – PSI
Despite a dip in expansion levels, the service sector remains on the right side of growth, with a seasonally adjusted PSI for June at 54.3.
Mid-year middling – PMI
Manufacturing activity produced a mid-year flat patch, which was in line with offshore movements, with a seasonally adjusted PMI for June at 50.2.
ETS changes reasonable
The Government has taken a reasonably balanced approach to carbon pricing in its amendments to the emissions trading scheme announced today, says BusinessNZ.
New business boosts service sector expansion – PSI
Increased levels of new business/orders is assisting service sector expansion, with a seasonally adjusted PSI for May at 56.8.
Jumping Jack Frost – PMI
Manufacturing activity bounced back from April’s dip to show strong expansion for the current month, with a seasonally adjusted PMI for May at 55.7.
NZ economy – shuffling forward
Official and unofficial data show the New Zealand economy is growing slowly.
Responsible investment approach in Budget 2012
Despite being presented as a ‘zero’ Budget, this year’s spending has been well focused on areas helpful for future growth, says BusinessNZ.
Marching in the right step – PSI
The service sector in April displayed further signs of expansion, with a seasonally adjusted PSI for April at 56.7.
Autumn blues – PMI
Manufacturing activity dropped back into contraction after four months of expansion, with a seasonally adjusted PMI for April at 48.0.