Kim Mundy
[updated]
NZIER says QSBO shows the ‘fragile’ economic recovery in June quarter was helped by easing oil crisis, but warns that geopolitical uncertainty and November election will weigh on firms over the coming months
2
NZIER says QSBO shows the ‘fragile’ economic recovery in June quarter was helped by easing oil crisis, but warns that geopolitical uncertainty and November election will weigh on firms over the coming months
Economists don’t expect the latest GDP figures to have a large bearing on the Reserve Bank’s OCR outlook but ANZ says likely hike in July is ‘no longer the slam dunk it was’
4
Economists don’t expect the latest GDP figures to have a large bearing on the Reserve Bank’s OCR outlook but ANZ says likely hike in July is ‘no longer the slam dunk it was’
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
6
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
Fuel to Food: Wider consequences of the Strait of Hormuz closure on NZ include fertiliser and plastics
2
Fuel to Food: Wider consequences of the Strait of Hormuz closure on NZ include fertiliser and plastics
While GDP data shows economic growth, ‘it was still barely at a pace that would have halted the rise in unemployment or added to domestic inflation pressures,’ Westpac senior economist says
9
While GDP data shows economic growth, ‘it was still barely at a pace that would have halted the rise in unemployment or added to domestic inflation pressures,’ Westpac senior economist says
Kiwibank economists say the Reserve Bank may well have to tolerate higher inflation in the short term to avoid raising interest rates into a slowing global economy
22
Kiwibank economists say the Reserve Bank may well have to tolerate higher inflation in the short term to avoid raising interest rates into a slowing global economy
Prime Minister Christopher Luxon says it's up to the US and Israel to assert whether attack on Iran is legal or not, New Zealand will have to 'wait and see' when it comes to potential economic impacts
16
Prime Minister Christopher Luxon says it's up to the US and Israel to assert whether attack on Iran is legal or not, New Zealand will have to 'wait and see' when it comes to potential economic impacts
ASB survey shows concerns about the economy are weighing on people's expectations for increases in house prices
47
ASB survey shows concerns about the economy are weighing on people's expectations for increases in house prices
It's a line ball call whether GDP figures out in the coming week will reveal the country still to be in recession or not. But whatever the outcome, economists don't see a particularly rosy path for the economy in the immediate future
85
It's a line ball call whether GDP figures out in the coming week will reveal the country still to be in recession or not. But whatever the outcome, economists don't see a particularly rosy path for the economy in the immediate future
It's official: The wallets are being slammed shut. Electronic card transactions data from Statistics NZ shows that retail sales figures - which are not adjusted for inflation - are below the levels of a year ago
89
It's official: The wallets are being slammed shut. Electronic card transactions data from Statistics NZ shows that retail sales figures - which are not adjusted for inflation - are below the levels of a year ago
ASB survey shows more people are expecting interest rates to fall but they remain uncertain about prices and whether it's a good time to buy
40
ASB survey shows more people are expecting interest rates to fall but they remain uncertain about prices and whether it's a good time to buy
[updated]
Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
10
Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
Statistics NZ says food prices rose 0.6% in April, while international airfares surged 7.2% and rentals continued to rise strongly
41
Statistics NZ says food prices rose 0.6% in April, while international airfares surged 7.2% and rentals continued to rise strongly
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
18
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
109
The last time NZers were this confident house prices would increase was just before the last housing market slump