Household spending
Statistics New Zealand figures show household net worth increased by $5.3 billion in the September 2023 quarter, while savings rates remained steady
25th Jan 24, 11:35am
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Statistics New Zealand figures show household net worth increased by $5.3 billion in the September 2023 quarter, while savings rates remained steady
Statistics New Zealand figures show household net worth fell by a further $33.5 billion in the June quarter, with over half of this due to falls in property values - but our rate of savings increased
16th Oct 23, 11:58am
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Statistics New Zealand figures show household net worth fell by a further $33.5 billion in the June quarter, with over half of this due to falls in property values - but our rate of savings increased
Westpac economists say the average mortgage rate households are paying will rise by more over the coming year than it has so far
10th Jul 23, 12:11pm
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Westpac economists say the average mortgage rate households are paying will rise by more over the coming year than it has so far
Statistics New Zealand figures show falling property values trimmed $93 billion from household net worth, but in the December quarter rises in disposable income for household outstripped increases in spending
6th Apr 23, 12:23pm
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Statistics New Zealand figures show falling property values trimmed $93 billion from household net worth, but in the December quarter rises in disposable income for household outstripped increases in spending
Statistics New Zealand says falling property values lopped $91.1 billion off the worth of Kiwis in the first nine months of 2022, while falling share and investment values took $78.6 billion away
19th Jan 23, 11:17am
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Statistics New Zealand says falling property values lopped $91.1 billion off the worth of Kiwis in the first nine months of 2022, while falling share and investment values took $78.6 billion away
Putting a spotlight on the Reserve Bank's inflation fight with Fisher Funds Management's David McLeish
3rd Dec 22, 9:00am
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Putting a spotlight on the Reserve Bank's inflation fight with Fisher Funds Management's David McLeish
Assistant Governor Karen Silk explains what needs to happen for the Reserve Bank to moderate its hawkish monetary policy outlook
29th Nov 22, 12:54pm
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Assistant Governor Karen Silk explains what needs to happen for the Reserve Bank to moderate its hawkish monetary policy outlook
Statistics New Zealand says household net worth fell by $129 billion, or over 5%, in the first half of the year - however household saving has picked up again
20th Oct 22, 11:40am
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Statistics New Zealand says household net worth fell by $129 billion, or over 5%, in the first half of the year - however household saving has picked up again
Bernard Hickey challenges the idea the 'squeezed middle' need tax cuts or hand outs. The 'squeezed middle' is actually flush with cash, paying relatively little for their mortgages & their household incomes have grown faster than inflation since Covid
17th Jul 22, 6:00am
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Bernard Hickey challenges the idea the 'squeezed middle' need tax cuts or hand outs. The 'squeezed middle' is actually flush with cash, paying relatively little for their mortgages & their household incomes have grown faster than inflation since Covid
[updated]
Statistics New Zealand says household net worth has fallen for the first time in nearly three years, while Kiwis have been spending nearly every dollar of their income
14th Jul 22, 11:39am
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Statistics New Zealand says household net worth has fallen for the first time in nearly three years, while Kiwis have been spending nearly every dollar of their income
ASB economists predict that consumer spending growth 'will weaken to anaemic levels later this year'
27th Jun 22, 2:34pm
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ASB economists predict that consumer spending growth 'will weaken to anaemic levels later this year'
Household median net worth increases but distribution remains steady: higher-wealth households still hold the lion's share of overall wealth and are growing it through property
3rd Mar 22, 1:42pm
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Household median net worth increases but distribution remains steady: higher-wealth households still hold the lion's share of overall wealth and are growing it through property
Fourth quarter online spending up 45% year-on-year, with Kiwis splurging to the tune of $2.5 billion, NZ Post says
12th Feb 22, 9:20am
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Fourth quarter online spending up 45% year-on-year, with Kiwis splurging to the tune of $2.5 billion, NZ Post says
Household net worth in September quarter up $479bn on a year ago, but movement becoming more modest in cooling property market
27th Jan 22, 7:49am
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Household net worth in September quarter up $479bn on a year ago, but movement becoming more modest in cooling property market
October online spending up 71% on last year and becoming the go-to for purchases of all sizes; shop local motivation still strong, NZ Post says
24th Nov 21, 12:24pm
October online spending up 71% on last year and becoming the go-to for purchases of all sizes; shop local motivation still strong, NZ Post says
ANZ economists say housing credit growth is being supported by falling mortgage rates, but any future downturn in the housing market would be expected to suppress spending and deepen the economic downturn
9th Oct 20, 10:16am
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ANZ economists say housing credit growth is being supported by falling mortgage rates, but any future downturn in the housing market would be expected to suppress spending and deepen the economic downturn
Latest NZIER Quarterly Survey of Business Opinion shows worst level of business confidence since March 2009
2nd Oct 18, 10:09am
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Latest NZIER Quarterly Survey of Business Opinion shows worst level of business confidence since March 2009
Westpac McDermott Miller survey shows the collapsing confidence contagion is spreading, with the lowest level of consumer confidence in six years
19th Sep 18, 9:55am
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Westpac McDermott Miller survey shows the collapsing confidence contagion is spreading, with the lowest level of consumer confidence in six years
ANZ economists say the cost of building a new house has become more attractive relative to the cost of buying an existing one
18th Apr 18, 4:24pm
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ANZ economists say the cost of building a new house has become more attractive relative to the cost of buying an existing one
ANZ economists say high house prices and associated high debt levels have seen consumer spending remain more subdued than might have been expected with the economy buoyant
9th Apr 18, 1:55pm
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ANZ economists say high house prices and associated high debt levels have seen consumer spending remain more subdued than might have been expected with the economy buoyant
ANZ economists see house prices being capped by affordability constraints and new Government measures
19th Feb 18, 3:15pm
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ANZ economists see house prices being capped by affordability constraints and new Government measures
Westpac economists say many are getting it wrong expecting interest rates to rise soon; they don't see a rise till late next year; a subdued housing market will be a key reason why
19th Feb 18, 11:14am
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Westpac economists say many are getting it wrong expecting interest rates to rise soon; they don't see a rise till late next year; a subdued housing market will be a key reason why
ANZ economists say even though house prices look 'out of whack' with incomes, they can't see a sharp downward correction
31st Jan 18, 12:41pm
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ANZ economists say even though house prices look 'out of whack' with incomes, they can't see a sharp downward correction
David Hargreaves tries to make sense of the various conflicting factors influencing the housing market as 2018 gets into swing
30th Jan 18, 4:08pm
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David Hargreaves tries to make sense of the various conflicting factors influencing the housing market as 2018 gets into swing
Most homeowners still look 'reasonably well placed to meet mortgage commitments', ASB economists say; they see 'mild' house price rises this year
22nd Jan 18, 2:20pm
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Most homeowners still look 'reasonably well placed to meet mortgage commitments', ASB economists say; they see 'mild' house price rises this year