David Hargreaves

Fonterra is now forecasting a milk price of $9 for the current year; reported earnings for the latest full financial year fell to $1.128b from $1.577b last year

Fonterra is now forecasting a milk price of $9 for the current year; reported earnings for the latest full financial year fell to $1.128b from $1.577b last year

Forsyth Barr analysts say after its latest capital raising, Fletcher Building will have in the past decade raised $1.5b in capital and sold $1.8b in assets to fund $2.6b of 'significant items' and losses

Forsyth Barr analysts say after its latest capital raising, Fletcher Building will have in the past decade raised $1.5b in capital and sold $1.8b in assets to fund $2.6b of 'significant items' and losses

Westpac McDermott Miller Employment Confidence Survey shows lowest level of confidence since we were emerging from the lockdown in 2020

Westpac McDermott Miller Employment Confidence Survey shows lowest level of confidence since we were emerging from the lockdown in 2020

Kiwibank economists say they would 'advocate' that the Reserve Bank cuts the OCR by 50 basis points both next month and again in November

Kiwibank economists say they would 'advocate' that the Reserve Bank cuts the OCR by 50 basis points both next month and again in November

Fletcher Building indicates that paying down its debt is in order to prevent a fire sale of assets

Fletcher Building indicates that paying down its debt is in order to prevent a fire sale of assets

The country's largest bank says the types of spending most sensitive to interest rates are experiencing the largest falls

The country's largest bank says the types of spending most sensitive to interest rates are experiencing the largest falls

The deficit between what we earn overseas and what we spend has remained at 6.7% of GDP, contrary to expectations that the ratio would decrease; deficit remains 'unsustainably wide'

The deficit between what we earn overseas and what we spend has remained at 6.7% of GDP, contrary to expectations that the ratio would decrease; deficit remains 'unsustainably wide'

David Hargreaves says the Reserve Bank will ultimately decide where interest rates go and at what speed. But what will it decide?

David Hargreaves says the Reserve Bank will ultimately decide where interest rates go and at what speed. But what will it decide?

NZIER's latest consensus forecasts see zero GDP growth in the 12 months to the end of March 2025

NZIER's latest consensus forecasts see zero GDP growth in the 12 months to the end of March 2025

Activity in New Zealand’s services sector 'inched its way higher' during August

Activity in New Zealand’s services sector 'inched its way higher' during August

David Hargreaves assesses the prospects for the forthcoming quarterly GDP figures, which are likely to be grim, but might hopefully point to better times ahead

David Hargreaves assesses the prospects for the forthcoming quarterly GDP figures, which are likely to be grim, but might hopefully point to better times ahead

Statistics NZ's Selected Price Indexes show that food prices rose just 0.4% in the year to August while rent increases remained at the same level and fuel and travel costs dipped

Statistics NZ's Selected Price Indexes show that food prices rose just 0.4% in the year to August while rent increases remained at the same level and fuel and travel costs dipped

Signs of a slowdown in the housing market are now much clearer, particularly in Auckland, says CoreLogic

Signs of a slowdown in the housing market are now much clearer, particularly in Auckland, says CoreLogic

Large numbers of students pushed the monthly net migration gain to more than 5,000 in July

Large numbers of students pushed the monthly net migration gain to more than 5,000 in July

Manawa shareholders to be offered a mix of cash and Contact shares in a deal that brings two of the larger NZX listed companies together

Manawa shareholders to be offered a mix of cash and Contact shares in a deal that brings two of the larger NZX listed companies together

'Spring has sprung and interest rates are coming down – but don’t expect to see house prices suddenly take off again soon'

'Spring has sprung and interest rates are coming down – but don’t expect to see house prices suddenly take off again soon'

David Hargreaves examines the apparently set path we are on to a series of interest rate reductions and wonders if there could yet be some potholes along the way

David Hargreaves examines the apparently set path we are on to a series of interest rate reductions and wonders if there could yet be some potholes along the way

Latest Reserve Bank figures show approximately one in five new mortgages collected in July were fixed for just six months as the punters bet on imminent rate cuts - that are subsequently following

Latest Reserve Bank figures show approximately one in five new mortgages collected in July were fixed for just six months as the punters bet on imminent rate cuts - that are subsequently following

Worldline NZ data shows that retail spending slipped 0.5% in August when compared with the same month in 2023

Worldline NZ data shows that retail spending slipped 0.5% in August when compared with the same month in 2023

Soaring levels of business confidence in the wake of interest rate cuts have got the economists wondering how quickly the country's economy might get rolling again

Soaring levels of business confidence in the wake of interest rate cuts have got the economists wondering how quickly the country's economy might get rolling again

Latest RBNZ figures show the total of non-performing housing loans has now risen above $2 billion and is at levels not seen since the aftermath of the Global Financial Crisis

Latest RBNZ figures show the total of non-performing housing loans has now risen above $2 billion and is at levels not seen since the aftermath of the Global Financial Crisis

Centrix says company liquidations are continuing to rise with the manufacturing sector most affected over the past year

Centrix says company liquidations are continuing to rise with the manufacturing sector most affected over the past year

Households plunged an extra $2 billion into term deposits in July as they sought to take advantage of high interest rates ahead of anticipated reductions in the rates

Households plunged an extra $2 billion into term deposits in July as they sought to take advantage of high interest rates ahead of anticipated reductions in the rates

'Things are looking up, albeit from a pretty dark place for many firms', says ANZ; Finance Minister says the survey shows businesses 'are feeling a whole lot better about the future'

'Things are looking up, albeit from a pretty dark place for many firms', says ANZ; Finance Minister says the survey shows businesses 'are feeling a whole lot better about the future'

Our national airline is not providing any profit guidance for the new financial year in which it expects the 'tougher economic backdrop' of the past year to continue

Our national airline is not providing any profit guidance for the new financial year in which it expects the 'tougher economic backdrop' of the past year to continue