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;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

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/5a4ba092-1558-4948-8618-b44e0151f920/transcript