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Kirk Hope: Business NZ Chief Executive on the service sector being at its lowest level since Covid
Manage episode 424034406 series 2098282
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.
Service sector activity has plummeted to its lowest level outside the Covid lockdowns.
The BNZ-Business New Zealand Performance of Services Index (PSI) fell 3.6 points in May to 43.0.
Business NZ Chief Executive Kirk Hope told Heather du Plessis-Allan “It’s consistent with other data – like profit margins being below pre-Covid rates.”
Hope said “Corporate insolvencies are around the same level as during the GFC – it's a pretty tough time.”
LISTEN ABOVE.
See omnystudio.com/listener for privacy information.
6616 episodes
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Manage episode 424034406 series 2098282
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.
Service sector activity has plummeted to its lowest level outside the Covid lockdowns.
The BNZ-Business New Zealand Performance of Services Index (PSI) fell 3.6 points in May to 43.0.
Business NZ Chief Executive Kirk Hope told Heather du Plessis-Allan “It’s consistent with other data – like profit margins being below pre-Covid rates.”
Hope said “Corporate insolvencies are around the same level as during the GFC – it's a pretty tough time.”
LISTEN ABOVE.
See omnystudio.com/listener for privacy information.
6616 episodes
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Similar to Heather du Plessis-Allan Drive
Join Larry Mantle weekdays for lively and in-depth discussions of Los Angeles and Southern California news, politics, science, entertainment, the arts and more. More AirTalk at www.kpcc.org.
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continue reading
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continue reading
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continue reading
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…
continue reading
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…
continue reading
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continue reading
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