BusinessNZ says action is needed on the country’s $11 billion student loan debt.
Economy & Tax
Steady as she goes for service sector pick-up – PSI
The service sector continued to show improved signs of growth, despite some areas of the sector still facing difficult times, with a seasonally adjusted PSI for June at 55.7.
June jump keeps manufacturing activity on track – PMI
The month of June saw a pick-up in the level of expansion for the manufacturing sector, with a seasonally adjusted PMI for June at 56.2.
Wild weather dampens service sector activity for May – PSI
While the service sector experienced its seventh consecutive month of expansion, comments from businesses showed the weather played a role as activity softened slightly in May, with a seasonally adjusted PSI for May at 53.3.
Moderate manufacturing expansion in May – PMI
New Zealand manufacturing continues to be in expansionary territory for May, although it has eased back slightly from the April expansion, with a seasonally adjusted PMI for May at 54.5.
Economy on the rise
Improvement in the economy is heralded in the BusinessNZ Planning Forecast for the June quarter 2010.
Budget move towards higher-earning economy
Business will view the Budget as a positive move towards a more competitive, higher-earning economy says BusinessNZ.
Competitiveness decline is concerning
NZ’s decline in global competitiveness ranking is a matter of real concern, says BusinessNZ.
Service sector expansion softens, but employment picks up – PSI
The service sector experienced its sixth consecutive month of expansion, although activity softened slightly in April, with a seasonally adjusted PSI for April at 54.1.
Manufacturing expansion highest since 2004 – PMI
New Zealand manufacturing continues to be in expansionary territory for April, reaching its highest value since 2004, with a seasonally adjusted PMI for April at 58.9.
BusinessNZ endorses Budget focus on innovation
BusinessNZ has strongly endorsed the Budget’s focus on commercial science and technology, saying it will lift economic growth and make NZ more competitive.
Employment figures positive for future growth
Improved employment results are positive for future growth, says BusinessNZ.