July saw ongoing durability in New Zealand’s manufacturing sector, partly aided by our trans-Tasman cousins, with a seasonally adjusted PMI for July at 53.2.
Economy & Tax
KiwiSaver options need careful exploration
BusinessNZ has called for a time of careful consideration before any decisions are made on automatic enrolment for KiwiSaver.
Report shows untapped revenue potential for NZ firms
There is significant potential to improve the share of work that NZ firms win from major supply chains and the economic rewards for both the companies involved and the local economy are significant, according to a recently released report commissioned by the NZTE’s Industry Capability Network.
Caution needed in reacting to Australia’s carbon policy
BusinessNZ is today releasing a report exposing reasons for exercising caution in making assessments about the relative stringency of Australia’s carbon pricing policy versus the NZ ETS.
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.
New taxes won’t make the boat go faster
Tax proposals announced by the Labour Party won’t make the boat go faster, says BusinessNZ.
Time to go steady – PMI
Activity in the manufacturing sector for June saw an ongoing and steady level of expansion, with a seasonally adjusted PMI for June at 54.3.
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.
May march for manufacturing activity – PMI
The month of May saw the manufacturing sector continue its march towards stronger expansion, with a seasonally adjusted PMI for May at 54.7.
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.
Budget cautious and safe
BusinessNZ has characterised Budget 2011 as cautious and safe, with most announcements generally pointing in the right direction of reducing government expenditure and debt.
Tax claims misleading
Operating costs and business debt shouldered not only by farms but all businesses are reflected in their level of taxes paid, says BusinessNZ.