Satish Ranchhod

Stats NZ reports a $472 million inflation-adjusted, seasonally-adjusted increase in volume of retail sales in September quarter with the increase dominated by rises in electronic goods and motor vehicle sales

Stats NZ reports a $472 million inflation-adjusted, seasonally-adjusted increase in volume of retail sales in September quarter with the increase dominated by rises in electronic goods and motor vehicle sales

There are ‘no obstacles’ to another Official Cash Rate cut, economists say, and they expect inflation to fall as Statistics New Zealand’s latest Selected Price Indexes shows annual food prices up 4.7% in October

There are ‘no obstacles’ to another Official Cash Rate cut, economists say, and they expect inflation to fall as Statistics New Zealand’s latest Selected Price Indexes shows annual food prices up 4.7% in October

Electronic cards data for October shows that apart from rises in fuel and consumables spending, seasonally adjusted retail spending was on a downward path again

Electronic cards data for October shows that apart from rises in fuel and consumables spending, seasonally adjusted retail spending was on a downward path again

RBNZ survey shows expectations of the future level of inflation have barely changed and remain 'anchored' near 2% despite the rise in actual annual inflation to 3%

RBNZ survey shows expectations of the future level of inflation have barely changed and remain 'anchored' near 2% despite the rise in actual annual inflation to 3%

Economists say the September quarter annual inflation figure likely marks the peak and they still expect the Reserve Bank to cut the Official Cash Rate again next month

Economists say the September quarter annual inflation figure likely marks the peak and they still expect the Reserve Bank to cut the Official Cash Rate again next month

Electronic cards data for September shows that after three consecutive months of gains, seasonally adjusted retail spending fell again

Electronic cards data for September shows that after three consecutive months of gains, seasonally adjusted retail spending fell again

Westpac McDermott Miller Employment Confidence Survey shows that despite a slight lift, confidence remains at the low levels seen in the aftermath of the first Covid lockdown in 2020

Westpac McDermott Miller Employment Confidence Survey shows that despite a slight lift, confidence remains at the low levels seen in the aftermath of the first Covid lockdown in 2020

An unexpected rise in retail sales activity for the June quarter suggests 'there may be life in the old economy yet'

An unexpected rise in retail sales activity for the June quarter suggests 'there may be life in the old economy yet'

Inflation could rise above 3%, Westpac economist says, after Statistics NZ's Selected Price Indexes show 5% annual food price increase due to higher grocery prices

Inflation could rise above 3%, Westpac economist says, after Statistics NZ's Selected Price Indexes show 5% annual food price increase due to higher grocery prices

Electronic cards data for July shows that seasonally adjusted retail spending rose for the second consecutive month, with gains in hospitality and consumables somewhat offset by continued weakness in durables and apparel

Electronic cards data for July shows that seasonally adjusted retail spending rose for the second consecutive month, with gains in hospitality and consumables somewhat offset by continued weakness in durables and apparel

With the latest annual inflation rate softer than they expected, economists see the way cleared for another Official Cash Rate cut by the Reserve Bank in August

With the latest annual inflation rate softer than they expected, economists see the way cleared for another Official Cash Rate cut by the Reserve Bank in August

Electronic cards data for June shows that retail spending rose for the first time in four months in June, boosted by a lift in durables and apparel spending, but retailers are reporting that 60% of them did not meet sales targets in the June quarter

Electronic cards data for June shows that retail spending rose for the first time in four months in June, boosted by a lift in durables and apparel spending, but retailers are reporting that 60% of them did not meet sales targets in the June quarter

Statistics NZ's Selected Price Indexes show that food prices rose 4.4% in the past year, while rent prices had their lowest annual increase since 2015; CPI seen heading toward top of RBNZ's target range

Statistics NZ's Selected Price Indexes show that food prices rose 4.4% in the past year, while rent prices had their lowest annual increase since 2015; CPI seen heading toward top of RBNZ's target range

Electronic cards data for May shows that even after excluding the impact of falling petrol prices, core retail sales fell again; 'spending has effectively been tracking sideways despite falls in petrol prices'

Electronic cards data for May shows that even after excluding the impact of falling petrol prices, core retail sales fell again; 'spending has effectively been tracking sideways despite falls in petrol prices'

Electronic cards data for April shows that hospitality, durables and consumables spending rose in the month, but the apparel industry is still doing it tough

Electronic cards data for April shows that hospitality, durables and consumables spending rose in the month, but the apparel industry is still doing it tough