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15 Jul 2025 9:42
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      Home > News > Business

    Continued tough news for our economy -- with the service sector still not back in recovery mode

    Continued tough news for our economy -- with the service sector still not back in recovery mode

    14 July 2025
    New BNZ BusinessNZ data shows the sector contracted in June, for the fifth consecutive month.

    It makes up two thirds of our economy and despite signs of a turnaround, the sector's still continuing to shrink.

    It's only had one month of minimal expansion in the past 16 months.

    BNZ now expects to see a 0.2 percent fall in GDP in the June quarter.

    © 2025 Newstalk ZB, NZCity


     Other Business News
     15 Jul: Foodstuffs is denying allegations of illegal "cartel conduct"
     15 Jul: Prices are up 2.2 percent in both Christchurch City, and in Canterbury overall
     14 Jul: Meal-kit company HelloFresh has pleaded guilty to five charges of misleading customers
     14 Jul: Retail spending's risen in June, as Kiwis fork out for a winter wardrobe
     14 Jul: The Education Minister wants to build our numbers of overseas students
     14 Jul: Attempts to patch up what's being described as our broken energy market, don't yet stretch far enough
     13 Jul: Belief the Government needs to step up, and make urgent changes to the energy market
     Top Stories

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    Coach Scott Robertson's laying down a challenge to the All Blacks squad with their series against France already in the bag ahead of the third and final test More...

    BUSINESS BUSINESS
    Foodstuffs is denying allegations of illegal "cartel conduct" More...


     Today's News

    		 Entertainment:
    James Brolin came extremely close to playing James Bond 9:40

     Business:
    Foodstuffs is denying allegations of illegal "cartel conduct" 9:37

     Business:
    Prices are up 2.2 percent in both Christchurch City, and in Canterbury overall 9:27

     Entertainment:
    Adam Levine is "done" with tattoos because he finds them too painful now 9:10

     Soccer:
    The Wellington Phoenix men have signed a successor to departed striker Kosta Barbarouses for the A-League football season 9:07

     Cricket:
    A case of Calypso collapse-oh at Sabina Park in Jamaica on the third day of the third pink-ball test between Australia and the West Indies 9:07

     Entertainment:
    Conner Smith's "heart is broken" after he was involved in a fatal accident 8:40

     Law and Order:
    Why Trump is sending more Patriot missiles to Ukraine and how they help Kyiv's war effort 8:17

     Law and Order:
    A 22-year-old man is due in North Shore District Court today on charges involving a stash of ammunition, drugs and a gun 8:17

     Entertainment:
    Kelly Osbourne has insisted Ozzy Osbourne is "not dying" 8:10

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