ZB

Figures suggest we may have seen an economic revival of sorts in May

Author
Newstalk ZB,
Publish Date
Tue, 21 Jun 2022, 8:00am
Photo / Getty Images
Photo / Getty Images

Figures suggest we may have seen an economic revival of sorts in May

Author
Newstalk ZB,
Publish Date
Tue, 21 Jun 2022, 8:00am

There are suggestions we may have seen an economic revival of sorts in the month of May.

Despite rising costs, the latest BNZ - Business NZ Performance of Services Index shows a surge in sales and new orders for the month of May.

The PSI rose 3 points to 55.2, with anything above 50 pointing to expansion, and this is the highest above average income since Delta arrived back in August.

Bagrie Economics founder Cameron Bagrie joined Mike Hosking.

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