The service sector continued to show a recovery for the first month of 2010, despite the rate of expansion slowing, with a seasonally adjusted PSI for January at 53.1.
Economy & Tax
New orders keep manufacturing activity on right track – PMI
Ongoing strength in new orders kept manufacturing in positive territory for the first month of 2010, with a seasonally adjusted PMI for January at 52.
‘Cohesive plan’ in PM’s address
BusinessNZ has welcomed the development of a cohesive plan pointed at a stronger economy, as outlined in the Prime Minister’s statement.
Xmas shows spring in step for service sector – PSI
The service sector continued to show solid activity for the last month of 2009, with a seasonally adjusted PSI for December at 54.4.
Steady but improved end for manufacturing year – PMI
Manufacturing activity ended the year on a positive note, with expansion small but steady, with a seasonally adjusted PMI for December at 52.9.
Decisive work on tax reform needed
BusinessNZ endorses the rigorous and transparent approach to the report released today by the Victoria University Tax Working Group.
Caution required over companies claims
Caution is required over calls for Government intervention in response to the recent controversy around arms smuggling and the GT and SP companies, says BusinessNZ.
Service sector activity picks up heading into Christmas – PSI
The service sector is showing solid activity as Christmas approaches, with a seasonally adjusted PSI for November at 56.0.
What a difference a year makes for manufacturing activity – PMI
Manufacturing activity showed expansion for the third consecutive month, providing a solid if unspectacular end to 2009, with a seasonally adjusted PMI for November at 51.8.
October falls flat for service sector activity – PSI
After three months of expansion, the service sector fell flat during October, with a seasonally adjusted PSI for October at 49.9.
Growth in manufacturing activity remains tentative – PMI
Expansion dipped in October after gradual improvements in activity during the second half of 2009, with a seasonally adjusted PMI for October at 50.6.
Spring boost for service sector activity – PSI
The first month of Spring brought about continued upwards expansion in the service sector, with a seasonally adjusted PSI for September at 53.2.