Here are the key things you need to know before you leave work today - well, this should have been available then.
Apologies for tardiness.
QV data out today showed that their house price measures rose 9.6% year on year, a slower rate than recently. It's still a fast rate although the LVR limits are the key to the slowing.
Paymark revealed that retail spending across January can be best described as positive but patchy.
Paymark’s data highlight that while the total spending through its network was up 7.9%, there are some mixed trends and also a hint that some of the momentum may be waning.
Spending on anything to do with cars and housing was strong, but hardware stores are on the outer.
The data also showed that growth of spending on credit cards far outstripped debit cards with total transactions for each payment type at +15.5% and +4.0%, year-on-year, respectively.
Swap rates slipped back just a tad on the day after the solid gains on Friday.
Our exchange rate has traded in a very narrow band today. It is looking for direction from offshore markets that come back from their weekend tonight.
Finally, there are reports that the FMA's civil action against Hanover and its directors is close to a negotiated settlement.
4 Comments
NZIER have announced that immigration to NZ should be gradually increased from the current 15 000 per year , to 40 000 ...
... they say that will raise our GDP across the nation by $ 400 per head annually ...
Also noted , was that extra immigration gives employers in NZ new and complimentary skills to draw upon , and provides fresh innovation and entrepreneural flair ... and they claimed that NZ desperately needs " economies of scale " in certain industries , and that is achieveable from newbies ...
Meanwhile Switzerland votes to curb immigration http://www.swissinfo.ch/eng/swiss_news/Economics_minister:_We_misjudged…
... if you recall , Ivan , there were a few of us ( Gummy in particular ) hammering the point to get the heck out of this deal as soon as the shares ( all 2.2 billion of them ) re-listed after the merger .... they sank to 13 cents , from 20 cents prior to the trading halt ... and have continued sanking ever since ...
Anyone know of Rob Alloway's current whereabouts ?
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