The services sector continues to contract. 

The latest Services Index rose 2.7 points to 48.9 – with anything below 50 signalling contraction. 

New orders was the only category in expansion, sitting at 51.2, while employment remained negative for the 29th consecutive month.  

BusinessNZ Advocacy Director Catherine Beard told Mike Hosking the figures are the result of the fuel situation due to the conflict in the Middle East.  

It’s a shame, she says, as we started the year in quite positive territory.  

LISTEN ABOVE 

The services sector continues to contract.&nbsp;
The latest Services Index rose 2.7 points to 48.9 – with anything below 50 signalling contraction.&nbsp;
New orders was the only category in expansion, sitting at 51.2, while employment remained negative for the 29th consecutive month. &nbsp;
BusinessNZ Advocacy Director Catherine Beard told Mike Hosking the figures are the result of the fuel situation due to the conflict in the Middle East. &nbsp;
It’s a shame, she says, as we started the year in quite positive territory. &nbsp;
LISTEN ABOVE&nbsp;

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Catherine Beard: BusinessNZ Advocacy Director on the services sector continuing to contract in April

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6395e867-d9ad-45de-a8c8-b44e0151f80d/transcript