David Hargreaves

After plunging in the previous two quarters, GDP grew a better-than expected 0.7% in the December quarter; figures 'a genuine upside surprise'

After plunging in the previous two quarters, GDP grew a better-than expected 0.7% in the December quarter; figures 'a genuine upside surprise'

Dairy giant Fonterra is paying its shareholder farmers a 22c interim dividend, up from 15c last year and narrowed its forecast milk price range - although the 'midpoint' for this is still a record $10.00

Dairy giant Fonterra is paying its shareholder farmers a 22c interim dividend, up from 15c last year and narrowed its forecast milk price range - although the 'midpoint' for this is still a record $10.00

The deficit between what we earn overseas and what we spend drops to 6.2% of GDP, but remains at levels generally seen as too high

The deficit between what we earn overseas and what we spend drops to 6.2% of GDP, but remains at levels generally seen as too high

NZIER's latest consensus of economic forecasts shows that while economic growth is expected to rise above 2% by this time next year, economists see GDP only growing 2.6% by the March 2028 year

NZIER's latest consensus of economic forecasts shows that while economic growth is expected to rise above 2% by this time next year, economists see GDP only growing 2.6% by the March 2028 year

After plunging in the previous two quarters, GDP likely returned to positive growth for the December quarter, but the growth's looking pretty subdued so far

After plunging in the previous two quarters, GDP likely returned to positive growth for the December quarter, but the growth's looking pretty subdued so far

Forsyth Barr analysts say record-high milk prices, boosted by a weak Kiwi dollar, robust Fonterra dividends and stabilising costs is driving on-farm returns to levels not experienced before

Forsyth Barr analysts say record-high milk prices, boosted by a weak Kiwi dollar, robust Fonterra dividends and stabilising costs is driving on-farm returns to levels not experienced before

International Monetary Fund says given the 'propensity' in New Zealand for rapid housing credit growth, the RBNZ should monitor the effect of its OCR easing and 'make full use' of its macroprudential toolbox to control the emergence of risks

International Monetary Fund says given the 'propensity' in New Zealand for rapid housing credit growth, the RBNZ should monitor the effect of its OCR easing and 'make full use' of its macroprudential toolbox to control the emergence of risks

Stats NZ says retail card spending rose 0.3% on a seasonally adjusted basis in February after taking a dip in January

Stats NZ says retail card spending rose 0.3% on a seasonally adjusted basis in February after taking a dip in January

Stats NZ figures show that manufacturing and wholesale sale figures flipped into positive territory in the December quarter after both going backwards in the September quarter; meat and dairy were strong contributors

Stats NZ figures show that manufacturing and wholesale sale figures flipped into positive territory in the December quarter after both going backwards in the September quarter; meat and dairy were strong contributors

Latest monthly RBNZ figures show owner-occupiers were still overwhelmingly 'going short' in January with their new mortgage commitments

Latest monthly RBNZ figures show owner-occupiers were still overwhelmingly 'going short' in January with their new mortgage commitments

Some economists think the departure of Adrian Orr from the Governorship of the RBNZ may signal that New Zealand’s Official Cash Rate now has 'less downside' than would otherwise be the case

Some economists think the departure of Adrian Orr from the Governorship of the RBNZ may signal that New Zealand’s Official Cash Rate now has 'less downside' than would otherwise be the case

Dairy co-operative Fonterra says it will now achieve earnings of between 55c and 75c a share for the year, up from a previous forecast of 40c-60c; roadshow details released for sale of 'Mainland Group'

Dairy co-operative Fonterra says it will now achieve earnings of between 55c and 75c a share for the year, up from a previous forecast of 40c-60c; roadshow details released for sale of 'Mainland Group'

A surge in non-performing mortgage loans is a reminder that even though interest rates are now falling, this is not necessarily going to lift the economy as quickly as we would hope

A surge in non-performing mortgage loans is a reminder that even though interest rates are now falling, this is not necessarily going to lift the economy as quickly as we would hope

Credit bureau Centrix says 23,700 home loans are past due, a 6% year-on-year increase

Credit bureau Centrix says 23,700 home loans are past due, a 6% year-on-year increase

Statistics NZ says our terms of trade rose 3.1% in the December quarter as export price gains outstripped import price increases

Statistics NZ says our terms of trade rose 3.1% in the December quarter as export price gains outstripped import price increases

Latest RBNZ figures show non-performing housing loans rose $165 million in January - the biggest monthly surge since June 2020 during the pandemic

Latest RBNZ figures show non-performing housing loans rose $165 million in January - the biggest monthly surge since June 2020 during the pandemic

The Reserve Bank is clearing the way for further interest rate falls, which should spark the economy again. But when and how quickly? David Hargreaves has a look at how things are tracking

The Reserve Bank is clearing the way for further interest rate falls, which should spark the economy again. But when and how quickly? David Hargreaves has a look at how things are tracking

Latest Reserve Bank figures show investors took 22.5% of the committed mortgage money in January - the highest percentage they've claimed since February 2021

Latest Reserve Bank figures show investors took 22.5% of the committed mortgage money in January - the highest percentage they've claimed since February 2021

ANZ chief economist says it seems clear GDP returned to positive growth in the last three months of 2024

ANZ chief economist says it seems clear GDP returned to positive growth in the last three months of 2024

Capital Economics revises down its forecast for the NZ dollar this year and sticks to its view the Reserve Bank will need to cut the OCR further than currently expected

Capital Economics revises down its forecast for the NZ dollar this year and sticks to its view the Reserve Bank will need to cut the OCR further than currently expected

Analysts say the fact Fonterra's looking at a profit toward the top end of its guidance despite a record milk price to be paid 'shows strong strategic execution' within the co-operative

Analysts say the fact Fonterra's looking at a profit toward the top end of its guidance despite a record milk price to be paid 'shows strong strategic execution' within the co-operative

Retirement village operator Ryman says it's taking 'decisive' action to reset its balance sheet and provide the company with the foundations 'to deliver further transformation initiatives'

Retirement village operator Ryman says it's taking 'decisive' action to reset its balance sheet and provide the company with the foundations 'to deliver further transformation initiatives'

Stats NZ says retail activity as measured by sales volumes saw the first quarterly gain in December since the March 2024 quarter

Stats NZ says retail activity as measured by sales volumes saw the first quarterly gain in December since the March 2024 quarter

Statistics NZ says people have been spending a higher proportion of their money on housing costs than they did in the past

Statistics NZ says people have been spending a higher proportion of their money on housing costs than they did in the past

Our national airline says it may have as many as 11 jets out of service between now and the end of June

Our national airline says it may have as many as 11 jets out of service between now and the end of June