Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

NZ economy – sunny disposition

NZ economy – sunny disposition


The BusinessNZ Planning Forecast shows the sun still shining on the New Zealand economy.

Indicators, including exports, freight movement, investment and employment, are all positive. Investment in plant, machinery and equipment is currently at its highest ever level. The BNZ-BusinessNZ PMI and PSI are showing strong expansion in the manufacturing and services sectors.

BusinessNZ Chief Executive Phil O’Reilly says many of the indicators, such as freight movement and investment in plant, are forward-looking and bode well for future economic strength.

But he says there are also potential risks to the economy from over-reliance on trade with China and Australia, the impact of interest rate rises, household and farm debt, and regulatory uncertainty.

The BusinessNZ Planning Forecast incorporates BusinessNZ’s Economic Conditions Index (ECI) which tracks 33 indicators, including GDP, export volumes, commodity prices and inflation, debt and confidence figures.

The ECI sits at 17 for the March 2014 quarter, up 4 on the previous quarter and up 3 on a year ago.

The BusinessNZ Planning Forecast for the March 2014 quarter is on www.businessnz.org.nz


ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: