New Zealand’s manufacturing sector experienced another minor dip in its level of expansion during May, with a seasonally adjusted PMI for May at 51.5.
Economy & Tax
Land supply constraints endanger economy
The OECD’s latest report on New Zealand shows the danger to the rest of the economy from constricted land supply in Auckland, says BusinessNZ.
Budget 2015 takes an incremental approach
BusinessNZ Chief Executive Phil O’Reilly says that the government’s accounts continue to improve and the key economic indicators by which country comparisons can be made continue to move in the right direction, but the jury is still out as to whether a slowly slowly approach is ideal.
Budget Summary 2015 – A plan that’s working
BusinessNZ’s summary of the 2015 Budget.
Solid stance – PSI
New Zealand’s services sector continued to remain in a tight band of expansion for April, with a seasonally adjusted PSI for April at 56.5.
Trans-Tasman angst – PMI
New Zealand’s manufacturing sector experienced a lower level of activity in April, although still showing overall expansion, with a seasonally adjusted PMI for April at 51.8.
BusinessNZ welcomes greater transparency in ACC levy setting
BusinessNZ is pleased that action is being taken to ensure that ACC levies are set in a much more transparent manner than in the past.
Marching on – PSI
New Zealand’s services sector continued to show healthy levels of expansion in March, with a seasonally adjusted PSI for March at 57.6.
Autum tinge – PMI
Despite a slower rate of expansion, New Zealand’s manufacturing sector remains in solid territory, with a seasonally adjusted PMI for March at 54.5.
Innovation funding a boost to competitiveness
Incentives for firms to invest in innovation are welcome, says BusinessNZ…
Tax proposals welcomed
BusinessNZ Chief Executive Phil O’Reilly says proposals including integrating tax compliance with online business activity and streamlining PAYE, GST and provisional tax would be carefully considered.
NZ economy – balancing risks
Risks and opportunities for the New Zealand economy are finely balanced, according to the latest BusinessNZ Planning Forecast.