Fall in exchange rate should see tech sector recovery

The falling exchange rate should give New Zealand's $4.7 billion technology sector a chance to recover, a report says. The Technology Investment Network shows the top 100 companies employ 19,000 staff and grew 12 per cent during 2004-2005.

Companies were squeezed by the high Kiwi dollar, dearer raw materials, competition from China and a tight labour market, the report said.

- NZPA