It is being alarmed by the Canadian Construction Association to the contractors that the federal stimulus cash should be used with great caution. This is being said as according to the association, they may have to face the situation of paying for the incomplete infrastructure projects because of the March 31, 2011 deadline that has been forced on them.
The figures of inflation scheduled to be released tomorrow will reveal how uncomfortable the Reserve Bank will be about the inflation outlook.
It has been revealed that the generic opinion of analysts for the March quarter is that consumer price index increase is centered on 0.6%. This would elevate the annual rate to 2.3%.
According to a latest survey, in March, action in the service division pushed up to its uppermost level since November 2007.
The BNZ, Business NZ performance of services index (PSI) was at 57.3, up 3.6 points from February and up 10.2 points from March 2009. A PSI analysis above 50 specifies that the service sector is in general growing.