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GDP for September quarter could mirror contraction in June - economist rnz.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rnz.co.nz Daily Mail and Mail on Sunday newspapers.
Outside the zone – PSI - BusinessNZ businessnz.org.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessnz.org.nz Daily Mail and Mail on Sunday newspapers.
BusinessNZ Our Family The BusinessNZ family has its roots in four large regional organisations of member businesses that together cover the entire country. By joining the regional business organisation in your area, you automatically become a member of BusinessNZ.Join now New Zealand s services sector was in expansion mode for the fourth consecutive month, according to the BNZ - BusinessNZ Performance of Services Index (PSI). The PSI for June was 58.6 (A PSI reading above 50.0 indicates that the service sector is generally expanding; below 50.0 that it is declining). This was 2.3 points up from May, but still below its highest ever result of 61.1 in April. ....
Photo: 123rf The BNZ-BusinessNZ Performance of Services Index rose 2.3 points in June from May to 58.6, well above its long term average. Only once before has the three-month average been stronger than it was now, and that was in the June quarter of 2007. A reading above 50 indicates the service sector is generally expanding. BusinessNZ chief executive Kirk Hope said: While the key indicators show very healthy expansion, comments from respondents were very similar to its sister survey, the PMI, highlighting staff/skills shortages and general logistics issues . BNZ senior economist Craig Ebert said the indicators were strong, but supplier deliveries had contracted, suggesting capacity constraints and serious inflation pressure. ....
New Zealand May Open Rate-Hike Door Amid Signs Economy Is Overheating bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.