Hon GRANT ROBERTSON (Minister of Finance): I've seen a range of reports which demonstrate the underlying strength of the New Zealand economy. The latest BNZ-Business NZ Performance of Services Index (PSI) shows that the services sector expanded in January at its fastest rate since March 2018. The PSI reading for January was 57.1, up five points from December, the third-largest one-month gain in the survey's history. BNZ economists said that the details "oozed strength", with new orders, sales, and employment all sitting above their respective long-term averages. Similarly, the ANZ Truckometer indicated a steady start to the year for our transport industry, with both the Light Traffic Index and the Heavy Traffic Index up. ANZ sees the recent slow-down in economic momentum, having found a floor, consistent with its economic forecasts. While these reports both show a positive start to the year for the economy, they both warn of uncertainty and risk created by the COVID-19 virus.