Kim Mundy
There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
17th Apr 24, 4:01pm
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There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
The last time NZers were this confident house prices would increase was just before the last housing market slump
7th Mar 24, 6:56am
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The last time NZers were this confident house prices would increase was just before the last housing market slump
With new figures this week likely to show our inflation rate falling meaningfully, economists are nevertheless concerned about the potential for for further inflationary disruptions
22nd Jan 24, 3:05pm
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With new figures this week likely to show our inflation rate falling meaningfully, economists are nevertheless concerned about the potential for for further inflationary disruptions
Stats NZ figures show that retail card spending fell a seasonally-adjusted 2.0% in December
17th Jan 24, 12:23pm
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Stats NZ figures show that retail card spending fell a seasonally-adjusted 2.0% in December
[updated]
Stats NZ figures show that total card spending fell by 0.3% in October, while retail spending dropped by 0.7%; 'the softness in spending is notable as it comes as population growth is continuing to surge'
15th Nov 23, 11:16am
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Stats NZ figures show that total card spending fell by 0.3% in October, while retail spending dropped by 0.7%; 'the softness in spending is notable as it comes as population growth is continuing to surge'
More economists are seeing a likelihood that the Reserve Bank will not start cutting the Official Cash Rate till 2025
9th Oct 23, 2:36pm
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More economists are seeing a likelihood that the Reserve Bank will not start cutting the Official Cash Rate till 2025
[updated]
Stats NZ figures show that total card spending rose by 0.9% in August, reversing a drop of the same magnitude in July. However, spending on consumable and durable goods was down
12th Sep 23, 11:20am
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Stats NZ figures show that total card spending rose by 0.9% in August, reversing a drop of the same magnitude in July. However, spending on consumable and durable goods was down
'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
29th Aug 23, 11:37am
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'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
[updated]
Stats NZ figures show that retail sales volumes have fallen for a third quarter in a row, with figures only propped up somewhat by a surge in motor vehicle sales to beat changes to the Clean Car Discount Scheme
23rd Aug 23, 11:28am
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Stats NZ figures show that retail sales volumes have fallen for a third quarter in a row, with figures only propped up somewhat by a surge in motor vehicle sales to beat changes to the Clean Car Discount Scheme
[updated]
Stats NZ figures show that total card spending fell by 0.9% in July, reversing some of the gains made in June when there was a rush of fuel spending to beat the excise duty rise
9th Aug 23, 11:30am
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Stats NZ figures show that total card spending fell by 0.9% in July, reversing some of the gains made in June when there was a rush of fuel spending to beat the excise duty rise
[updated]
Stats NZ figures show that total card spending fell by 1.9% in May, with only one industry seeing a rise; spending 'much weaker than expected' in the month; consumer spending likely to 'remain soggy' over the second half of the year
12th Jun 23, 11:23am
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Stats NZ figures show that total card spending fell by 1.9% in May, with only one industry seeing a rise; spending 'much weaker than expected' in the month; consumer spending likely to 'remain soggy' over the second half of the year
[updated]
Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter
24th May 23, 11:45am
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Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter
[updated]
Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March
9th May 23, 11:13am
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Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March
Latest Reserve Bank monthly figures show first home buyers getting a record high share of new mortgage money last month
29th Jan 19, 3:50pm
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Latest Reserve Bank monthly figures show first home buyers getting a record high share of new mortgage money last month
No major surprises as inflation rises 0.1% in Dec quarter and 1.9% in year to Dec; Economists' OCR outlooks differ but remain unchanged
23rd Jan 19, 11:00am
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No major surprises as inflation rises 0.1% in Dec quarter and 1.9% in year to Dec; Economists' OCR outlooks differ but remain unchanged
REINZ highlights 'extremely quiet' December with lowest nationwide house sales volumes in seven years, national median price rises 1.5%
17th Jan 19, 9:26am
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REINZ highlights 'extremely quiet' December with lowest nationwide house sales volumes in seven years, national median price rises 1.5%
Latest Reserve Bank monthly figures show the share of borrowing by the housing investor is continuing to drop sharply to new lows
20th Dec 18, 3:30pm
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Latest Reserve Bank monthly figures show the share of borrowing by the housing investor is continuing to drop sharply to new lows
Stats NZ says prices rose 0.9% in the September quarter, giving an annual inflation rate of 1.9%; economists expected just a 0.7% quarterly rise
16th Oct 18, 10:59am
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Stats NZ says prices rose 0.9% in the September quarter, giving an annual inflation rate of 1.9%; economists expected just a 0.7% quarterly rise
We face the apparently contradictory situation in which inflation is strongly rising and yet the Reserve Bank will keep the possibility of interest rate cuts on the table
15th Oct 18, 11:44am
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We face the apparently contradictory situation in which inflation is strongly rising and yet the Reserve Bank will keep the possibility of interest rate cuts on the table
Reserve Bank data shows non-bank financial institutions growing housing and consumer lending strongly
2nd Oct 18, 2:12pm
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Reserve Bank data shows non-bank financial institutions growing housing and consumer lending strongly
REINZ says national median house price rose 1.9% to $550,000 in past month; 5.8% increase for year; Auckland up 1.8% for year; national sales down 10.1% year-on-year for December month
18th Jan 18, 9:53am
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REINZ says national median house price rose 1.9% to $550,000 in past month; 5.8% increase for year; Auckland up 1.8% for year; national sales down 10.1% year-on-year for December month
Economists expect much of the sharp rise seen in the Consumers Price Index during the March quarter to evaporate, led by sharp falls in petrol prices
14th Jul 17, 10:13am
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Economists expect much of the sharp rise seen in the Consumers Price Index during the March quarter to evaporate, led by sharp falls in petrol prices
Economists expect the Consumers Price Index to hit levels not seen in years; Reserve Bank not expected to act at this stage
18th Apr 17, 9:09am
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Economists expect the Consumers Price Index to hit levels not seen in years; Reserve Bank not expected to act at this stage
RBNZ Survey of expectations shows anticipated inflation of 1.92% in two years time, well up on the previous survey's result and close to the RBNZ's explicit target of 2%
7th Feb 17, 3:24pm
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RBNZ Survey of expectations shows anticipated inflation of 1.92% in two years time, well up on the previous survey's result and close to the RBNZ's explicit target of 2%
Barfoots' December sales -9.4% lower than a year ago; average price falls -$20,000 from November; increasing inventory takes steam out of price growth
9th Jan 17, 10:30am
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Barfoots' December sales -9.4% lower than a year ago; average price falls -$20,000 from November; increasing inventory takes steam out of price growth