The service sector showed its first sign of expansion (albeit at a very modest level) for the first time since March 2008, with a seasonally adjusted PSI for July at 50.1.
Economy & Tax
Manufacturing activity agonisingly close to expansion – PMI
A positive result for both production and new orders helped push manufacturing activity further out of the doldrums in July, with a seasonally adjusted PMI for July at 49.7.
Mission critical – productivity
BusinessNZ has launched a set of proposals for tackling New Zealand’s big challenge – productivity.
New orders/business improves, but sector still contracting – PSI
The service sector continues to show contraction, but new business levels may provide better results in the months ahead, with a seasonally adjusted PSI for June at 45.0
Manufacturing activity climbing out of the depths – PMI
Manufacturing activity continued to climb out of the depths of contraction with the highest overall activity level in nine months, with a seasonally adjusted PMI for June at 46.2.
Growth plan for NZ Inc. relevant and timely
BusinessNZ says the Government’s medium term plan for economic growth is relevant and timely.
$100 million insurance guarantee welcomed
ExportNZ welcomes the recent announcement that the Government is extending its short-term trade credit insurance guarantee for exporters by $100 million.
Service sector still in the shadows – PSI
The service sector remains in the shadows, but activity doesn’t appear to be getting any darker, with a seasonally adjusted PSI for May at 46.2.
Manufacturing remains in tight band of activity – PMI
Although manufacturing activity experienced a slightly larger decrease in activity in May, the sector generally remains in a tight band of performance since the start of the year, with a seasonally adjusted PMI for May at 42.7.
Budget 2009 – Key Issues and Outcomes
BusinessNZ’s summary of the 2009 Budget.
A Budget for the times
The 2009 Budget is noteworthy for reining in growth in Government spending, according to BusinessNZ.
Service sector not out of the woods yet – PSI
The service sector took a turn for the worse in April, with a seasonally adjusted PSI for April at 43.7