The month of May saw the manufacturing sector continue its march towards stronger expansion, with a seasonally adjusted PMI for May at 54.7.
The month of May saw the manufacturing sector continue its march towards stronger expansion, with a seasonally adjusted PMI for May at 54.7.
Despite recent shocks to the economy, manufacturing has continued its run of expansion, with a seasonally adjusted PMI for April at 51.5.
The recent Christchurch earthquake has led to a clear divide in the level of activity between the two main islands, with a seasonally adjusted PSI for March at 50.8.
Manufacturing activity has been shaken over the last couple of months, but is still keeping its head above water, with a seasonally adjusted PMI for March at 50.1.
Today’s announcement by Government outlining a $2.5 million funding package for business is welcomed by business.
Our next National Infrastructure Plan requires more detail about infrastructure trade-offs, says BusinessNZ.
A month ago the New Zealand manufacturing sector was looking reasonably healthy.
Industry associations are working towards further coordination of the Christchurch relief operation.
Forward indicators were pointing to an upturn for the NZ economy until the Christchurch earthquake, according to the BusinessNZ Planning Forecast.
BNZ & BusinessNZ advise that their monthly surveys of the manufacturing and services sectors will not be operational for the month of February.
BusinessNZ says the support package announced today for employers and employees is timely.
CEOs of 50 leading New Zealand companies today developed a Steering Group to co-ordinate private sector support for Christchurch following this week’s devastating earthquake.