The ‘common cold’ is the most common human illness we face, with the average person suffering 200 colds over the course of their lifetime. This equates to around two to five colds per year for adults and seven to 10 for child…
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Spark New Zealand outlines upgrade of New Zealand’s voice communications to next generation technology
Voice communications in New Zealand is in for a massive upgrade with Spark New Zealand announcing this morning it is switching from the ageing Public Switched Telephone Network (PSTN) to a next generation IP-based network.The new network…
BNZ – BusinessNZ PSI – March 2017
Stepping up
New Zealand’s services sector continued to show increased expansion during March, according to the BNZ – BusinessNZ Performance of Services Index (PSI).
The PSI for March was 59.0. This was 0.3 points higher than February, and the second highest level of expansion over the last 18 months (A PSI reading above 50.0 indicates that the service sector is generally expanding; below 50.0 that it is declining).
BusinessNZ chief executive Kirk Hope said that the strong result shown for the new orders/business sub-index contributed towards the higher March figure.
“New orders/business (66.4) were at its highest level since June 2007, which should feed through to activity/sales in the months ahead. Combined with 65.6% of respondents providing positive comments, the sector is currently in a solid and positive place”.
BNZ Senior Economist Doug Steel said that “the PSI has been a bit like a stuck record, set on high volume. In fact, the volume dial is even getting tweaked up a bit more”.
“New orders/business (66.4) were at its highest level since June 2007, which should feed through to activity/sales in the months ahead. Combined with 65.6% of respondents providing positive comments, the sector is currently in a solid and positive place”.
BNZ Senior Economist Doug Steel said that “the PSI has been a bit like a stuck record, set on high volume. In fact, the volume dial is even getting tweaked up a bit more”.
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