Manufacturing activity remained in expansion but clear division lines are drawn,with a seasonally adjusted PMI for January at 50.5.
Media Releases
Recent media releases from BusinessNZ.
Treasury briefing sound and orthodox advice
Treasury’s briefing to the incoming Government is well focused on restoring the economy to growth, says BusinessNZ.
Joint Aust/NZ productivity study welcomed
BusinessNZ and the Australia NZ Leadership Forum have welcomed the announcement of joint work by the Productivity Commissions of New Zealand and Australia.
Service sector crease bound? – PSI
The service sector returned to a more subdued level of expansion in December, with the seasonally adjusted PSI for December at 50.6.
Pace required on economic plan
Economic directions signalled by the Prime Minister in his first major speech of the year will be welcomed by enterprise, says BusinessNZ – and now they need to be acted on.
Brighter end to the year for manufacturers – PMI
Manufacturing activity improved enough over December to be back in positive territory, with a seasonally adjusted PMI for December at 51.9.
Inquiry deserves active consideration by Government
It is encouraging to hear the Government’s continued commitment to deliver on the Economic Action Plan.
Banning industrial CERs will result in increased costs for all says BusinessNZ
The Government’s announcement that it is banning industrial gas certified emission reduction units (CERs) from being purchased in NZ will potentially have a serious knock-on effect to the costs felt by businesses and households, says BusinessNZ Chief Executive, Phil O’Reilly.
Price floor for carbon not good for NZ
Restricting prices at the lower end of the carbon market would be self-defeating, says BusinessNZ.
Service sector bounce back for November – PSI
The service sector recovered from a previous lacklustre result to record its highest level of expansion for 20 months, with a seasonally adjusted PSI for November at 56.6.
Recommendation: Councils should increase land supply
BusinessNZ has welcomed the draft report on Housing Affordability released today by the NZ Productivity Commission.
No Xmas cheer for manufacturing – PMI
Manufacturing activity fell further into contraction during November, with a seasonally adjusted PMI for November at 45.7.