The 2009 Budget is noteworthy for reining in growth in Government spending, according to BusinessNZ.
Economy & Tax
Budget 2009 – Key Issues and Outcomes
BusinessNZ’s summary of the 2009 Budget.
Service sector not out of the woods yet – PSI
The service sector took a turn for the worse in April, with a seasonally adjusted PSI for April at 43.7
Manufacturing shows glimmers of hope – PMI
Manufacturing had its second consecutive improvement in April, although the sector continues to remain in contraction, with a seasonally adjusted PMI for April at 43.7.
Extension of job support scheme sensible
The decision to extend the job support scheme to medium sized businesses makes sense, says BusinessNZ.
Weak economy – but some glimmers of hope
BusinessNZ’s Economic Conditions Index (ECI) again highlights the weakness of the New Zealand economy, although displaying a few glimmers of hope.
Services sector still weak – PSI
There were positives and negatives in the service sector in March, with a seasonally adjusted PSI for March at 47.1.
Rate of manufacturing activity decline eases in March – PMI
Manufacturing activity was still contracting during March, with a seasonally adjusted PMI for March at 40.7.
Service sector continues weak demand – PSI
Despite experiencing an improvement in activity levels for February, the service sector remains in contraction, with a seasonally adjusted PSI for February at 46.3.
Manufacturing declined further in February – PMI
Last month manufacturing declined to its second lowest level on record, with a seasonally adjusted PMI for February at 38.6.
Misconceptions on jobs summit
BusinessNZ Chief Executive Phil O’Reilly says there are some misconceptions around the outcomes of last week’s jobs summit.
Finance insights from Jobs Summit survey
A BusinessNZ survey suggests the credit crunch may not be as widespread as thought.