BusinessNZ says Budget 2013 shows a careful and measured approach to spending in areas that have the potential to improve New Zealand’s competitiveness, such as a continued focus on innovation, internationalisation and skills.
Business & Society
High value tourism to gain from convention centre
BusinessNZ has welcomed today’s agreement for a new international convention facility in Auckland saying the SKYCITY development will result in new business, growth and jobs that would not otherwise have occurred.
Consistent performer – PSI
Service sector expansion for March was almost identical to the previous month, with a seasonally adjusted PSI for March at 55.4.
Sun shines on service sector – PSI
The service sector continued to show a pick-up in expansion with a seasonally adjusted PSI for February at 55.5.
Callaghan Innovation a positive change
New Crown Entity aiming to increase investment in research to grow more innovative exports should ensure it is focused on business needs.
Service sector starts on a positive note for 2013 – PSI
The service sector showed a pick-up in expansion for the start of 2013, with a seasonally adjusted PSI for January at 52.6.
Holding pattern – PSI
The service sector continues to see its level of expansion slip lower with a seasonally adjusted PSI for December at 51.5.
Solid but not spectacular – PSI
The service sector remains in expansion mode, but not at the level as last month. The PSI for November was 54.1.
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.
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.
Subdued, uncertain economy
Official and unofficial data show a subdued New Zealand economy in the BusinessNZ Planning Forecast.