The BNZ-BusinessNZ Performance of Services Index (PSI) rose 2.7 points to 48.9, up from 46.2 in March.

A reading below 50 indicates the sector - which accounts for nearly three-quarters of the economy - is contracting.

Harbour Asset Management expert Shane Solly explained further.

LISTEN ABOVE

The BNZ-BusinessNZ Performance of Services Index (PSI) rose 2.7 points to 48.9, up from 46.2 in March.
A reading below 50 indicates the sector - which accounts for nearly three-quarters of the economy - is contracting.
Harbour Asset Management expert Shane Solly explained further.
LISTEN ABOVE

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

Shane Solly: Harbour Asset Management expert on the BNZ Business NZ Performance of Services Index results

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a9bb27a6-ff33-426e-a92a-b44e0086e473/transcript