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Shane Solly: Harbour Asset Management spokesperson on BNZ's performance of services index staying below 50

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Manage episode 435008624 series 2882353
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

BNZ’s performance of services index - which measures sentiment across services firms - was up 3.9 points to 44.6 in July from a rock-bottom level of 40.7 in June.

While it’s better than June it’s still a very low result - a result below 50 indicates activity is contracting for the fifth straight month.

Harbour Asset Management's Shane Solly explains how this adds to the proof that the Reserve Bank needed to cut the OCR.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

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6993 episodes

Artwork
iconShare
 
Manage episode 435008624 series 2882353
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

BNZ’s performance of services index - which measures sentiment across services firms - was up 3.9 points to 44.6 in July from a rock-bottom level of 40.7 in June.

While it’s better than June it’s still a very low result - a result below 50 indicates activity is contracting for the fifth straight month.

Harbour Asset Management's Shane Solly explains how this adds to the proof that the Reserve Bank needed to cut the OCR.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

6993 episodes

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