The best terms of trade since the early 1970s and growing business confidence are bringing a positive outlook for the New Zealand economy, according to the BusinessNZ Planning Forecast....
BusinessNZ has characterised Budget 2011 as cautious and safe, with most announcements generally pointing in the right direction of reducing government expenditure and debt....
The service sector improved its level of expansion for April, although the devil is in the detail, with a seasonally adjusted PSI for April at 52.6....
The recent Christchurch earthquake has led to a clear divide in the level of activity between the two main islands, with a seasonally adjusted PSI for March at 50.8....
Manufacturing activity has been shaken over the last couple of months, but is still keeping its head above water, with a seasonally adjusted PMI for March at 50.1....
New Zealand’s emissions trading scheme would be fit for purpose if there was a deep and liquid global carbon market, but the existence of such a market is increasingly unlikely in the medium term, says BusinessNZ....
