NZ economy – cautious optimism

NZ economy – cautious optimism

The New Zealand economy is in good heart compared with other international economies, according to the latest BusinessNZ Planning Forecast.

BusinessNZ Chief Executive Phil O’Reilly says the manufacturing, services and construction sectors are showing significant growth.

“While the agricultural sector is going through a period of readjustment following lower international dairy prices, the longer-term outlook is still positive.

“Investment intentions are improving, inflationary pressures are well contained, and employment growth continues.”

The BusinessNZ Planning Forecast incorporates BusinessNZ’s Economic Conditions Index (ECI) which tracks 33 indicators, including GDP, export volumes, commodity prices and inflation, debt and confidence figures.

The ECI sits at 11 for the December 2014 quarter, up 8 on the previous quarter and down 7 on a year ago.

Download the BusinessNZ Planning Forecast for the December 2014 quarter.

Contact Phil O’Reilly 04 4966552 or Kathryn Asare 021 555 744

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19 Dec, 2014

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