Doug Steel

Latest BNZ/Seek Employment Report says hiring caution remains, but the South Island is leading the pack when it comes to annual job ad growth while Auckland and Wellington lag

Latest BNZ/Seek Employment Report says hiring caution remains, but the South Island is leading the pack when it comes to annual job ad growth while Auckland and Wellington lag

New Zealand’s economy grew 0.8% in the March quarter, with the overall increase in GDP due to manufacturing, business services and wholesale trade

New Zealand’s economy grew 0.8% in the March quarter, with the overall increase in GDP due to manufacturing, business services and wholesale trade

Following May’s SPI figures, bank economists have revised their inflation projections for the June quarter and while the US-Iran deal is welcomed, it ‘doesn’t fully unwind the global oil supply shock’

Following May’s SPI figures, bank economists have revised their inflation projections for the June quarter and while the US-Iran deal is welcomed, it ‘doesn’t fully unwind the global oil supply shock’

Economists expect March quarter GDP to top 1% with the effects of the Middle East conflict and global fuel crisis are likely to hit harder in GDP releases later this year

Economists expect March quarter GDP to top 1% with the effects of the Middle East conflict and global fuel crisis are likely to hit harder in GDP releases later this year

BNZ economists say latest Performance of Services Index figures are 'are real disappointment' and suggest 'the economy is growing at a slower pace than we might have expected'

BNZ economists say latest Performance of Services Index figures are 'are real disappointment' and suggest 'the economy is growing at a slower pace than we might have expected'

December quarter GDP figures due for release in the coming week may prove to be disappointment - which wouldn't provide a helpful background as we face the uncertainties of the Middle East situation

December quarter GDP figures due for release in the coming week may prove to be disappointment - which wouldn't provide a helpful background as we face the uncertainties of the Middle East situation

'The big question to end 2025 was whether the economy may be turning. Data since then has given us confidence that recent positive momentum can be sustained. The economy is growing'

'The big question to end 2025 was whether the economy may be turning. Data since then has given us confidence that recent positive momentum can be sustained. The economy is growing'

The latest BNZ-Business NZ Performance of Services Sector Index showed that the services industries, which make up about two thirds of our GDP, have moved into expansion for the first time since February 2024

The latest BNZ-Business NZ Performance of Services Sector Index showed that the services industries, which make up about two thirds of our GDP, have moved into expansion for the first time since February 2024

ASB economist warns CPI inflation may have ended 2025 above 3% as food prices rise and strong electricity and gas price rises continue, according to Statistics NZ's Selected Price Indexes

ASB economist warns CPI inflation may have ended 2025 above 3% as food prices rise and strong electricity and gas price rises continue, according to Statistics NZ's Selected Price Indexes

The latest BNZ-Business NZ Performance of Services Sector Index showed that the services industries moved further into contraction in November, 'posing downside risk to even modest growth expectations for early next year'

The latest BNZ-Business NZ Performance of Services Sector Index showed that the services industries moved further into contraction in November, 'posing downside risk to even modest growth expectations for early next year'

Fonterra's farmgate milk price forecast has been reduced to $9.50 per kilogram of milk solids from $10 on the back of weaker global prices

Fonterra's farmgate milk price forecast has been reduced to $9.50 per kilogram of milk solids from $10 on the back of weaker global prices

BNZ economists now forecast a farmgate milk price of $9.50 per kilogram of milk solids for the current season, down from $10.25; Fonterra currently forecasting $10

BNZ economists now forecast a farmgate milk price of $9.50 per kilogram of milk solids for the current season, down from $10.25; Fonterra currently forecasting $10

Signs of a perk-up in the manufacturing sector may have inspired thoughts that the under-the-pump services sector may also raise its head - but no, not yet

Signs of a perk-up in the manufacturing sector may have inspired thoughts that the under-the-pump services sector may also raise its head - but no, not yet

The services sector remains in contraction, suggesting the help from the Reserve Bank's jumbo cut to the Official Cash Rate last week can't flow through fast enough; BNZ economists nudge down economic growth and employment forecasts

The services sector remains in contraction, suggesting the help from the Reserve Bank's jumbo cut to the Official Cash Rate last week can't flow through fast enough; BNZ economists nudge down economic growth and employment forecasts

The deficit between what we earn overseas and what we spend narrows considerably in moves that will please global credit rating agencies

The deficit between what we earn overseas and what we spend narrows considerably in moves that will please global credit rating agencies