Hon GRANT ROBERTSON: The economic recovery has been supported by the manufacturing and services sector. The BNZ Business New Zealand Performance of Manufacturing Index (PMI) remains firmly in expansionary territory, rising 0.3 points to 58.6 in May. The index compares very favourably to its long-term average of 53.1. The BNZ Business New Zealand Performance of Services Index (PSI) stood at 56.1 in May, and while the index did decline from its highest ever recorded level in April, it is still above its long-term average of 53.9. BNZ economists noted that the current strength in the PSI and PMI say good things for economic growth over the coming quarters. While our economy is robust, the ongoing COVID-19 pandemic means the environment does continue to be volatile, as we discovered with the alert level change in Wellington today. We cannot be complacent.