Satish Ranchhod
[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
43
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
ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November
29th May 23, 1:55pm
18
ASB economists rue the whiplash derived from last week's big 'dovish' shift by the Reserve Bank, while Westpac economists still see a further Official Cash Rate hike in August and ANZ economists expect one in November
[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
20
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
67
Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March
Economists disagree on whether the latest Consumers Price Index data is good news or not
21st Apr 23, 7:27am
43
Economists disagree on whether the latest Consumers Price Index data is good news or not
Loose monetary policy helped households ignore a loss of real income during the pandemic - higher interest rates are a reality check
26th Mar 23, 6:00am
85
Loose monetary policy helped households ignore a loss of real income during the pandemic - higher interest rates are a reality check
Influential RBNZ survey shows substantial drop in expectations of inflation in two years time - albeit that at 3.3% the survey respondents still see inflation outside the targeted band in 2025
14th Feb 23, 3:25pm
48
Influential RBNZ survey shows substantial drop in expectations of inflation in two years time - albeit that at 3.3% the survey respondents still see inflation outside the targeted band in 2025
Warning some flood damaged Auckland houses won't be fully assessed for months, or potentially even years
1st Feb 23, 3:29pm
57
Warning some flood damaged Auckland houses won't be fully assessed for months, or potentially even years
[updated]
Auckland storm flooding could delay construction projects by months, keep construction inflation high
31st Jan 23, 12:15pm
46
Auckland storm flooding could delay construction projects by months, keep construction inflation high
Bank economists are now suggesting the Reserve Bank should dial back its intentions on how far and high the Official Cash Rate will go
25th Jan 23, 4:12pm
55
Bank economists are now suggesting the Reserve Bank should dial back its intentions on how far and high the Official Cash Rate will go
[updated]
Stats NZ says the seasonally adjusted spending fall in December was the first for nine months and was a 'large' fall for a December month; economists say consumers have taken on board Reserve Bank warnings about spending
18th Jan 23, 11:00am
57
Stats NZ says the seasonally adjusted spending fall in December was the first for nine months and was a 'large' fall for a December month; economists say consumers have taken on board Reserve Bank warnings about spending
Residential and commercial construction activity is still at record levels with no sign of a downturn yet
6th Dec 22, 2:50pm
12
Residential and commercial construction activity is still at record levels with no sign of a downturn yet
It will take a 'concerted effort' to squash wage-price spiral dynamics 'that are becoming ever more established' in New Zealand, ANZ economists say
14th Nov 22, 10:31am
28
It will take a 'concerted effort' to squash wage-price spiral dynamics 'that are becoming ever more established' in New Zealand, ANZ economists say
Influential RBNZ survey shows considerable rise in expectations of inflation in two years time, with a rate of 3.62%, and even the much longer-term expectations for five years and 10 years have risen above the RBNZ's explicit 2% target
8th Nov 22, 3:23pm
101
Influential RBNZ survey shows considerable rise in expectations of inflation in two years time, with a rate of 3.62%, and even the much longer-term expectations for five years and 10 years have risen above the RBNZ's explicit 2% target
Latest ANZ Business Outlook Survey shows a drop in business confidence and activity levels - but inflation expectations have risen again
26th Oct 22, 1:33pm
60
Latest ANZ Business Outlook Survey shows a drop in business confidence and activity levels - but inflation expectations have risen again
Statistics New Zealand says retail spending spending rose across a majority of retail industries, with the largest contribution coming from consumables - probably influenced by rising prices
11th Oct 22, 11:12am
19
Statistics New Zealand says retail spending spending rose across a majority of retail industries, with the largest contribution coming from consumables - probably influenced by rising prices
Westpac economists say an 'abundant' supply of housing in Auckland would help to stem the 'exodus' from the city and bring demand and supply back towards balance
5th Sep 22, 11:45am
13
Westpac economists say an 'abundant' supply of housing in Auckland would help to stem the 'exodus' from the city and bring demand and supply back towards balance
Economists surprised by fall in retail spending in the June quarter, which raises the possibility the country may have gone into a technical recession in the first half of the year
25th Aug 22, 12:59pm
62
Economists surprised by fall in retail spending in the June quarter, which raises the possibility the country may have gone into a technical recession in the first half of the year
Annual inflation is widely expected to hit a 32-year high of at least 7% when the latest official data is released - but the real issue is whether this will be the peak
15th Jul 22, 9:07am
90
Annual inflation is widely expected to hit a 32-year high of at least 7% when the latest official data is released - but the real issue is whether this will be the peak
Statistics New Zealand says retail spending - excluding fuel - dropped by 0.3% in June
11th Jul 22, 11:33am
37
Statistics New Zealand says retail spending - excluding fuel - dropped by 0.3% in June
Westpac McDermott Miller Confidence survey at lowest level ever as pessimism bites in NZ
21st Jun 22, 9:00am
66
Westpac McDermott Miller Confidence survey at lowest level ever as pessimism bites in NZ
[updated]
The downbeat results from the ANZ Business Outlook survey suggest that the RBNZ may have to rethink its OCR hiking plan, according to BNZ economists
31st May 22, 1:24pm
57
The downbeat results from the ANZ Business Outlook survey suggest that the RBNZ may have to rethink its OCR hiking plan, according to BNZ economists
Influential RBNZ survey shows that even though the central bank has already hiked interest rates to fight inflation, people believe that high inflation is going to be with us for quite some time
12th May 22, 3:21pm
34
Influential RBNZ survey shows that even though the central bank has already hiked interest rates to fight inflation, people believe that high inflation is going to be with us for quite some time
Westpac report picks net migration growth to eventually settle at around half pre-pandemic levels with new home construction likely to remain elevated
11th May 22, 10:44am
41
Westpac report picks net migration growth to eventually settle at around half pre-pandemic levels with new home construction likely to remain elevated
Economists are tentatively suggesting the 6.9% annual inflation rate might be somewhere near the peak, but they don't see high prices subsiding any time soon
21st Apr 22, 2:22pm
65
Economists are tentatively suggesting the 6.9% annual inflation rate might be somewhere near the peak, but they don't see high prices subsiding any time soon