NZ’s manufacturing sector continues to meander along in a tight band as we head towards the end of 2012. The seasonally adjusted PMI for November was 48.8.
Media Releases
Recent media releases from BusinessNZ.
Leadership on petroleum resources welcome
The award of 10 new exploration permits is a step towards better development of New Zealand’s petroleum resource with oil and gas resources having the potential to create significant economic growth and moves to responsibly develop them are in the national interest.
Sustainable use of resources to grow economy
BusinessNZ has welcomed the latest report for the Business Growth Agenda, Building Natural Resources.
NZ scores on energy sustainability
NZ has scored highly in an international survey of energy sustainability.
NZ economy – pockets of optimism
The BusinessNZ Planning Forecast indicates continued patchy growth in the short term, but with pockets of optimism as the housing market begins to show signs of life and the Christchurch rebuild starts to gain momentum.
Oktoberfest – PSI
The service sector breathed back into life during October. The PSI for September was 57.4.
Holding on – PMI
NZ’s manufacturing sector returned to a minor level of expansion in October, although the sector remains in a flat state. The seasonally adjusted PMI for October was 50.5.
Water recommendations positive
The third report of the Land and Water Forum brings useful recommendations for improving NZ’s freshwater management.
Infrastructure transparency welcomed
Business appreciates transparent reporting on infrastructure plans, says BusinessNZ.
‘Building Infrastructure’ transparent account of progress
The report on infrastructure released today gives a transparent account of progress in this key area, says BusinessNZ.
Moderate changes to ERA
Proposed changes to the Employment Relations Act will improve but not significantly alter employment processes, says BusinessNZ.
A red start to Spring – PSI
The service sector fell into technical contraction for the first time since mid-2010, with a seasonally adjusted PSI for September at 49.6.