The 9th Australia New Zealand Leadership Forum meeting in Sydney on 27 November takes place as both countries celebrate 30 years of Closer Economic Relations (CER) and seek to take advantage of new opportunities in Asia, say the Forum Co-Chairs.
Economy & Tax
Business Growth Agenda net benefit to the economy
The latest progress report on the Business Growth Agenda shows milestones being achieved towards the Government’s goal of a more competitive, productive economy, says BusinessNZ.
Outstanding October – PSI
New Zealand’s services sector continued to push higher in terms of expansion, with a seasonally adjusted PSI for October at 58.2.
Onwards and upwards – PMI
New Zealand’s manufacturing sector recorded its 11th consecutive month in expansion as activity in the sector rose during October, with a seasonally adjusted PMI for October at 55.7.
Standards system improvements on the right track
BusinessNZ says many of the changes to New Zealand’s system of standards proposed today by the Government are on the right track, but it will be important that the standard setting process remains demonstrably independent of government and regulatory control.
Spring step – PSI
New Zealand’s services sector showed increased levels of expansion during September, with a seasonally adjusted PSI for September at 55.6.
New orders keep manufacturing on track – PMI
Continued high levels of new orders ensured the manufacturing sector remained in expansion, with a seasonally adjusted PMI for September at 54.3.
NZ economy – onwards and upwards
The BusinessNZ Planning Forecast shows nearly all key indicators for the economy are positive.
Lower ACC levies welcome
ACC consultation documents show employer, employee and motor vehicle levies are set for reductions of 15 – 17 percent next year.
Holding pattern – PSI
New Zealand’s services sector displayed a lower level of expansion after recent record results, with a PSI for August at 53.2.
Tail wind continues – PMI
Manufacturing activity continues to push forward with another healthy month of expansion for August, with a seasonally adjusted PMI for August at 57.5.
New Zealand ‘18th most competitive’ nation
New Zealand is the 18th most competitive country in the world, according to this year’s Global Competitiveness Index.