Manufacturing activity showed expansion for the third consecutive month, providing a solid if unspectacular end to 2009, with a seasonally adjusted PMI for November at 51.8.
Benchmarking
October falls flat for service sector activity – PSI
After three months of expansion, the service sector fell flat during October, with a seasonally adjusted PSI for October at 49.9.
Growth in manufacturing activity remains tentative – PMI
Expansion dipped in October after gradual improvements in activity during the second half of 2009, with a seasonally adjusted PMI for October at 50.6.
Spring boost for service sector activity – PSI
The first month of Spring brought about continued upwards expansion in the service sector, with a seasonally adjusted PSI for September at 53.2.
Long time between drinks for manufacturing activity – PMI
Expansion across most sub-indices meant overall manufacturing expanded for the first time since April 2008, with a seasonally adjusted PMI for September at 51.7.
New orders/business boosts service sector activity for August – PSI
The service sector continued on its road to recovery as the August result provided the first consecutive monthly expansion since early 2008, with a seasonally adjusted PSI for August at 51.3.
Weaker production and new orders slow manufacturing recovery – PMI
A lower result for both production and new orders meant activity fell back for August, with a seasonally adjusted PMI for August at 48.7.
Service sector out of decline for first time in 16 months – PSI
The service sector showed its first sign of expansion (albeit at a very modest level) for the first time since March 2008, with a seasonally adjusted PSI for July at 50.1.
Manufacturing activity agonisingly close to expansion – PMI
A positive result for both production and new orders helped push manufacturing activity further out of the doldrums in July, with a seasonally adjusted PMI for July at 49.7.
New orders/business improves, but sector still contracting – PSI
The service sector continues to show contraction, but new business levels may provide better results in the months ahead, with a seasonally adjusted PSI for June at 45.0
Manufacturing activity climbing out of the depths – PMI
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 welcomes new Envirostep tool
Envirostep – a business environmental assessment tool launched today by Commerce Minister Simon Power – comes at an opportune time for business.