Tag: Growth
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Navigating the Delicate Balance of New Zealand’s Economic Recovery
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Overview As reported by RNZ, the latest data from the BNZ, BusinessNZ Performance of Services Index (PSI) indicates that while the services sector remains in a state of expansion, the pace of this growth saw a noticeable deceleration in January. The index dipped by 0.8 points to reach 50.9, a figure that sits just above…
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Retail, Construction and Manufacturing Signal Hopeful but Uneasy Turn in New Zealand GDP Growth
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Overview An article from RNZ reports that New Zealand’s economy recorded a stronger-than-expected rebound in the September quarter, with gross domestic product rising by 1.1 percent after a contraction in the previous quarter. Manufacturing, construction and exports led the improvement, offering a lift in confidence across several key industries. Despite the positive headline figure, business…
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Services Sector Contraction Deeper into Strain as Confidence Falters Across New Zealand
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From a recent article on interest.co.nz, the latest BNZ BusinessNZ Performance of Services Sector Index confirms that the services sector contraction deepened in November. The index fell to 46.9, reinforcing concerns that the services sector contraction is becoming entrenched as weak demand and fragile confidence continue to weigh on business activity across New Zealand. Insights…