Economy & Tax

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....
BusinessNZ says the Government’s medium term plan for economic growth is relevant and timely....
ExportNZ welcomes the recent announcement that the Government is extending its short-term trade credit insurance guarantee for exporters by $100 million....
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....
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....
The 2009 Budget is noteworthy for reining in growth in Government spending, according to BusinessNZ....
BusinessNZ's summary of the 2009 Budget....
The service sector took a turn for the worse in April, with a seasonally adjusted PSI for April at 43.7...
Manufacturing had its second consecutive improvement in April, although the sector continues to remain in contraction, with a seasonally adjusted PMI for April at 43.7....
The decision to extend the job support scheme to medium sized businesses makes sense, says BusinessNZ....