Latest / The Kākā by Bernard Hickey
Manufacturing, services & retail mired in recession
Briefly for all subscribers for at 7 am on Tuesday, July 15, the key scoops, breaking news, deep-dives, editorials, analysis and other news links in Aotearoa-NZ’s political economy around housing, poverty and climate today are:
* The services sector joined the manufacturing sector in contracting in June, a new BusinessNZ-BNZ survey found yesterday. BNZ downgraded its Q2 GDP forecast to a contraction after the surveys. Stats NZ also reported yesterday another 0.2% fall in total spending with electronic cards in June, which means retail sales have fallen 7.5% in inflation-adjusted terms in the…
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