Economy Press Releases, New Zealand

Agriculture outlook hails an agricultural sunrise

Philip York, Federated Farmers economic spokesperson welcomes the bright picture for the medium term that is portrayed by the latest Situation and Outlook for New Zealand Agriculture and Forestry, or SONZAF.

Budget 2011 Statement from John Key

John Key has stated that Budget 2011 will include changes to KiwiSaver, Working for Families, and student loans to ensure they remain affordable in the future. Budget 2011 will ensure growth is built on the foundation of savings, exports and productive investment.

Lacklustre Start to Service Sector Activity for 2011

Overall activity in the service sector for the first month of 2011 displayed a fairly lacklustre beginning, while the newly established Combined Index shows a similar pattern to the end of 2010, according to the BNZ – BusinessNZ Performance of Services Index (PSI).

Government Export Credit Support Extended

The Government has extended the full range of support the New Zealand Export Credit Office provides to exporters for another three years, Finance Minister Bill English says.

Manufacturing Still Flat

October saw little change from September regarding activity in manufacturing, as the sector remains fairly static and still not quite able to get into expansionary territory, according to the BNZ – BusinessNZ Performance of Manufacturing Index (PMI).

Manufacturing Sector Remains Flat

September saw little change from August regarding activity in manufacturing, as the sector remains flat and unable to expand, according to the BNZ – BusinessNZ Performance of Manufacturing Index (PMI).

Economic Growth via Titanium Centre

Research, Science and Technology Minister Wayne Mapp opened the new Applied Powder Metallurgy Centre at the Bay of Plenty Polytechnic, stating that it is a key piece of infrastructure for the titanium industry and will enable New Zealand to gain a competitive advantage in an emerging technology.