David Hargreaves

Fletcher Building makes after-tax loss of $120 million for the half year and won't pay a dividend; puts Australian Tradelink subsidiary up for sale after a $122 million writedown; warns on potential 'material' impact of Australian leaky pipes problem

Fletcher Building makes after-tax loss of $120 million for the half year and won't pay a dividend; puts Australian Tradelink subsidiary up for sale after a $122 million writedown; warns on potential 'material' impact of Australian leaky pipes problem

Influential RBNZ survey shows a decisive drop in the expectation of future levels of inflation in a result that will give the RBNZ comfort ahead of its next Official Cash Rate decision

Influential RBNZ survey shows a decisive drop in the expectation of future levels of inflation in a result that will give the RBNZ comfort ahead of its next Official Cash Rate decision

Fletcher Building tells the ASX its chief executive Ross Taylor may be about to leave as the company contemplates issuing earnings guidance likely to 'materially vary' from current analysts' forecasts

Fletcher Building tells the ASX its chief executive Ross Taylor may be about to leave as the company contemplates issuing earnings guidance likely to 'materially vary' from current analysts' forecasts

There are clear signs that the RBNZ’s 'heavy handed hikes' are inhibiting household demand, and hurting business, Kiwibank economists say

There are clear signs that the RBNZ’s 'heavy handed hikes' are inhibiting household demand, and hurting business, Kiwibank economists say

Dairy co-operative Fonterra raises its milk price for farmers by an implied 30 cents to $7.80 per kilogram of milk solids - meaning the early season slump in prices has been almost completely reversed

Dairy co-operative Fonterra raises its milk price for farmers by an implied 30 cents to $7.80 per kilogram of milk solids - meaning the early season slump in prices has been almost completely reversed

Latest Reserve Bank figures indicate New Zealand's home owner-occupiers are increasingly focusing on shorter term fixed mortgage rates - presumably in the assumption that rates will come down sooner rather than later

Latest Reserve Bank figures indicate New Zealand's home owner-occupiers are increasingly focusing on shorter term fixed mortgage rates - presumably in the assumption that rates will come down sooner rather than later

Forsyth Barr analysts say Fletcher Building has now made $420 million worth of provisions on the convention centre project in the past 12 months and the latest ones 'bring into question management controls and board oversight'

Forsyth Barr analysts say Fletcher Building has now made $420 million worth of provisions on the convention centre project in the past 12 months and the latest ones 'bring into question management controls and board oversight'

Westpac economists react to the latest dairy prices surge by raising their forecast for the milk price to $7.90 - which is close to the top end of Fonterra's forecast guidance range to farmers

Westpac economists react to the latest dairy prices surge by raising their forecast for the milk price to $7.90 - which is close to the top end of Fonterra's forecast guidance range to farmers

David Hargreaves looks at the 'inevitable' discussion we are about to have as to whether it's still the right economic approach to just target low inflation at all costs

David Hargreaves looks at the 'inevitable' discussion we are about to have as to whether it's still the right economic approach to just target low inflation at all costs

Labour market figures out in the coming week tipped to show unemployment rising from the last recorded 3.9% rate to 4.2% or higher

Labour market figures out in the coming week tipped to show unemployment rising from the last recorded 3.9% rate to 4.2% or higher

Stats NZ says its household living-cost price indexes show that all household groups in the country faced higher cost increases in the 2023 year than the 4.7% indicated by the CPI, the official measure of inflation

Stats NZ says its household living-cost price indexes show that all household groups in the country faced higher cost increases in the 2023 year than the 4.7% indicated by the CPI, the official measure of inflation

Latest RBNZ figures show non-performing housing loans rose by 78.5% in the past year - but the stress levels are still much lower than they were after the global financial crisis

Latest RBNZ figures show non-performing housing loans rose by 78.5% in the past year - but the stress levels are still much lower than they were after the global financial crisis

Adrian Orr will give a keynote speech to a high-powered economic forum ahead of the Reserve Bank's first Official Cash Rate decision of the year

Adrian Orr will give a keynote speech to a high-powered economic forum ahead of the Reserve Bank's first Official Cash Rate decision of the year

'Overall, businesses expect the worst is past. Although the medicine has been bitter, it’s working'

'Overall, businesses expect the worst is past. Although the medicine has been bitter, it’s working'

David Hargreaves dives back through from the start of detailed mortgage figures the Reserve Bank has now been producing for 9 years to show a picture of burgeoning first home buyer involvement and mostly shrinking investor participation

David Hargreaves dives back through from the start of detailed mortgage figures the Reserve Bank has now been producing for 9 years to show a picture of burgeoning first home buyer involvement and mostly shrinking investor participation

Latest RBNZ figures show first home buyers picked up over a quarter of the new mortgage monies advanced in December - although it was a slow month overall

Latest RBNZ figures show first home buyers picked up over a quarter of the new mortgage monies advanced in December - although it was a slow month overall

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 increased by $5.3 billion in the September 2023 quarter, while savings rates remained steady

David Hargreaves wonders whether the belated introduction of debt-to-income ratio controls will be a case of better-late-than-never, or whether they've already missed the proverbial bus

David Hargreaves wonders whether the belated introduction of debt-to-income ratio controls will be a case of better-late-than-never, or whether they've already missed the proverbial bus

With new figures this week likely to show our inflation rate falling meaningfully, economists are nevertheless concerned about the potential for for further inflationary disruptions

With new figures this week likely to show our inflation rate falling meaningfully, economists are nevertheless concerned about the potential for for further inflationary disruptions

Economic data in the coming week is likely to show inflation is slowing. But the key thing will be whether the Reserve Bank is satisfied that the inflation beast really has been properly tamed - or whether we still have things to worry about

Economic data in the coming week is likely to show inflation is slowing. But the key thing will be whether the Reserve Bank is satisfied that the inflation beast really has been properly tamed - or whether we still have things to worry about

ANZ economists don't believe the RBNZ will give warning of when it is going to cut the Official Cash Rate and that it will be a case of 'deny-deny-deny-cut' to avoid premature easing in financial conditions

ANZ economists don't believe the RBNZ will give warning of when it is going to cut the Official Cash Rate and that it will be a case of 'deny-deny-deny-cut' to avoid premature easing in financial conditions

Stats NZ says food prices fell in December for the fourth consecutive month, taking the annual rate of food price inflation down to 4.8% compared with the peak level of 12.5% seen earlier in 2023; airfares skyrocket; rents keep pushing up

Stats NZ says food prices fell in December for the fourth consecutive month, taking the annual rate of food price inflation down to 4.8% compared with the peak level of 12.5% seen earlier in 2023; airfares skyrocket; rents keep pushing up

Stats NZ figures show that retail card spending fell a seasonally-adjusted 2.0% in December

Stats NZ figures show that retail card spending fell a seasonally-adjusted 2.0% in December

Latest Reserve Bank figures indicate that New Zealand's home owner-occupiers appear to be betting that interest rates will start coming down again sooner rather than later

Latest Reserve Bank figures indicate that New Zealand's home owner-occupiers appear to be betting that interest rates will start coming down again sooner rather than later

The BNZ/SEEK Employment Report shows that the number of applications per job advertisement has now hit unprecedented levels

The BNZ/SEEK Employment Report shows that the number of applications per job advertisement has now hit unprecedented levels