BNZ lifts New Zealand 2016 growth forecast after robust data

Sophie Boot
Mon, 25 Jan 2016

By Sophie Boot Jan. 26 (BusinessDesk) - Bank of New Zealand raised its estimate for New Zealand economic growth this year after robust services and manufacturing data. The BNZ-BusinessNZ performance of services index remained robust in December even as it slowed from a month earlier, slipping 0.9 points to a seasonally adjusted 58.9 last month, according to data released today. That's the third-highest result in 2015, and more than the average 57.8 through the year. All five sub-indices fell in December, but remained above the 50 reading...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

The Economist
The great Silicon Valley shake-out
The Economist | Sat, 02 Jul 2022

We look at the world’s startups and identify the safe, the uneasy and the doomed.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.