Service sector activity strong, supplier deliveries a worry

Mon, 17 May 2021

Activity in New Zealand’s services sector may have reached a record high, but it does have an Achilles heel: supplier deliveries.The BNZ - BusinessNZ Performance of Services Index for April was 61.2, which was up 8.3 points from March. It was the highest level since the survey began in 2007.“Given supply issues obviously remain a significant issue for many, especially when viewed alongside very strong demand-side indicators at present, it points to significant upwards pressure on prices,” said BNZ senior economist Doug Steel.A...

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