The service sector returned to a more subdued level of expansion in December, with the seasonally adjusted PSI for December at 50.6.
Business & Society
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.
NZ economy tainted by global uncertainty
Continued global uncertainty is impacting on NZ’s economic performance, with a number of indicators pointing to lower growth projections than previously forecast, according to the BusinessNZ Planning Forecast.
Close call for service sector expansion – PSI
A drop in expansion meant the service sector only just managed to keep on the positive side, with a seasonally adjusted PSI for October at 50.6.
Manufacturing drops the ball – PMI
After six consecutive months of expansion, manufacturing activity fell into contraction during October, with a seasonally adjusted PMI for October at 46.5.
Politians speaking with business
The Deloitte-BusinessNZ Election Conference is the political event for business and the economy.
Service sector expansion within tight band – PSI
The service sector remains within a very tight band of expansion that has now continued for three months, with a seasonally adjusted PSI for September at 53.2.
Healthy levels of business and sales means service sector remains in positive light – PSI
Continuing healthy levels of new business/orders and activity/sales kept the service sector in expansion for August, with a seasonally adjusted PSI for August at 53.9.
Pass mark for mid-year report – PSI
The service sector experienced a solid if unspectacular result halfway through 2011, with a seasonally adjusted PSI for July at 54.5.
On a five-month roll – PSI
The service sector continues to roll into higher levels of expansion, with a seasonally adjusted PSI for June at 54.7.
Small steps for service sector expansion – PSI
The service sector continued to show improvement in expansion during May, although at a slow pace, with a seasonally adjusted PSI for May at 52.8.
Outlook for economy continues to improve
The best terms of trade since the early 1970s and growing business confidence are bringing a positive outlook for the New Zealand economy, according to the BusinessNZ Planning Forecast.