Doug Steel

Activity slumped in the services sector again last month, echoing a drop in the manufacturing sector and suggesting the anticipated pick-up in economic activity is struggling to get started

Activity slumped in the services sector again last month, echoing a drop in the manufacturing sector and suggesting the anticipated pick-up in economic activity is struggling to get started

Manufacturing volumes fell 2.9% in the June quarter, prompting BNZ economists to forecast a GDP drop of 0.5% for the quarter

Manufacturing volumes fell 2.9% in the June quarter, prompting BNZ economists to forecast a GDP drop of 0.5% for the quarter

An improved performance from the services sector in July on top of the manufacturing sector returning to expansion indicates the economy may be picking up again from a mid-year slump

An improved performance from the services sector in July on top of the manufacturing sector returning to expansion indicates the economy may be picking up again from a mid-year slump

The BNZ-BusinessNZ Performance of Manufacturing Index re-entered positive territory in July

The BNZ-BusinessNZ Performance of Manufacturing Index re-entered positive territory in July

Labour market figures to be released in the coming week may show the unemployment rate rising to 5.3% from 5.1%, reflecting a mid-year 'stall' in the hoped-for economic recovery

Labour market figures to be released in the coming week may show the unemployment rate rising to 5.3% from 5.1%, reflecting a mid-year 'stall' in the hoped-for economic recovery

New Zealand's services sector contracts for fifth consecutive month - has seen only one month of 'minimal' expansion in the last 16; BNZ economists see 0.2% fall in GDP for June quarter

New Zealand's services sector contracts for fifth consecutive month - has seen only one month of 'minimal' expansion in the last 16; BNZ economists see 0.2% fall in GDP for June quarter

The June BNZ-BusinessNZ Performance of Manufacturing Index improved in June but conditions remained contractionary

The June BNZ-BusinessNZ Performance of Manufacturing Index improved in June but conditions remained contractionary

Services sector activity drops sharply and slumps to levels last seen in June 2024 at the start of the recession

Services sector activity drops sharply and slumps to levels last seen in June 2024 at the start of the recession

Weaker manufacturing orders "signal worsening GDP outlook" says BNZ

Weaker manufacturing orders "signal worsening GDP outlook" says BNZ

BNZ economists note Fonterra's new season milk price forecast has the widest range ever, reflecting 'considerable uncertainty around the outlook'

BNZ economists note Fonterra's new season milk price forecast has the widest range ever, reflecting 'considerable uncertainty around the outlook'

The services sector again contracted slightly in the last month and is 'a long way from being back to full health'

The services sector again contracted slightly in the last month and is 'a long way from being back to full health'

Stats NZ says retail card spending fell 0.8% last month, while separate data showed the services sector remained in contractionary mode

Stats NZ says retail card spending fell 0.8% last month, while separate data showed the services sector remained in contractionary mode

The services sector expanded slightly in January, as did the manufacturing sector - results that point toward an economic recovery later in the year

The services sector expanded slightly in January, as did the manufacturing sector - results that point toward an economic recovery later in the year

Consumer prices rose 2.2% in 2024 as high interest rates slowed economic activity and falling import costs eased inflation pressures in New Zealand

Consumer prices rose 2.2% in 2024 as high interest rates slowed economic activity and falling import costs eased inflation pressures in New Zealand

Activity in NZ's services sector contracted further in December, matching a more contractionary performance in the month from the manufacturing sector as well

Activity in NZ's services sector contracted further in December, matching a more contractionary performance in the month from the manufacturing sector as well