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Shane Solly: Harbour Asset Management spokesperson on BNZ's performance of services index staying below 50
Manage episode 435005220 series 2098282
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.
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See omnystudio.com/listener for privacy information.
7353 episodes
Manage episode 435005220 series 2098282
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.
7353 episodes
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