PremiumLiam DannBusiness Editor at Large·NZ Herald·17 May, 2026 11:53 PM3 mins to read‌BusinessNZ chief executive Katherine Rich said with the continuing conflict affecting shipping through the Strait of Hormuz, "it is difficult to foresee a quick return to expansion". Photo / Dean PurcellBusinesses are coping with the Iran war oil shock, but only just.The latest Performance of Manufacturing (PMI) and Performance of Services (PSI) surveys point to an economy that is stalling, BNZ head of research Stephen Toplis said.

The surveys, produced by BNZ and BusinessNZ, show the manufacturing sector stayed