The service sector improved its level of expansion for April, although the devil is in the detail, with a seasonally adjusted PSI for April at 52.6.
Economy & Tax
‘Skills for Canterbury’ essential for the rebuild
The Budget’s focus on skills to rebuilding Christchurch is well-placed, says BusinessNZ.
April shows slight upturn in manufacturing activity – PMI
Despite recent shocks to the economy, manufacturing has continued its run of expansion, with a seasonally adjusted PMI for April at 51.5.
Tale of two islands for service sector activity – PSI
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 shaken by quake – PMI
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.
Lack of global market hampers New Zealand’s emissions trading scheme
New Zealand’s emissions trading scheme would be fit for purpose if there was a deep and liquid global carbon market, but the existence of such a market is increasingly unlikely in the medium term, says BusinessNZ.
Right Questions Needed in NZETS Review
Asking the right questions is vital in the review of NZ’s Emissions Trading Scheme (NZETS), says BusinessNZ Chief Executive Phil O’Reilly.
NZ economy buoyed by commodity exports, dented by earthquake
Forward indicators were pointing to an upturn for the NZ economy until the Christchurch earthquake, according to the BusinessNZ Planning Forecast.
PMI & PSI surveys suspended for February
BNZ & BusinessNZ advise that their monthly surveys of the manufacturing and services sectors will not be operational for the month of February.
Lacklustre start to service sector activity for 2011 – PSI
Overall activity in the service sector for the first month of 2011 displayed a fairly lacklustre beginning, while the newly established Combined Index shows a similar pattern to the end of 2010. The seasonally adjusted PSI for January was 50.8.
Manufacturing continues expansion in January 2011 – PMI
Manufacturing activity in January 2011 shows a positive start to the year with the fourth consecutive month in expansion, with a seasonally adjusted PMI for January at 53.7.
Policy, tax and savings recommendations largely positive
There are many recommendations by the Savings Working Group that should be seriously considered, according to BusinessNZ.