David Hargreaves

Services sector activity drops sharply and slumps to levels last seen in June 2024 at the start of the recession

Services sector activity drops sharply and slumps to levels last seen in June 2024 at the start of the recession

The economy may be 'crawling for a little while longer', while previous house price forecasts have 'proved too optimistic', Kiwibank economists say

The economy may be 'crawling for a little while longer', while previous house price forecasts have 'proved too optimistic', Kiwibank economists say

The economy's showing increasing signs of responding to the lower interest rates, with GDP expected to have grown again in the March quarter

The economy's showing increasing signs of responding to the lower interest rates, with GDP expected to have grown again in the March quarter

Electronic cards data for May shows that even after excluding the impact of falling petrol prices, core retail sales fell again; 'spending has effectively been tracking sideways despite falls in petrol prices'

Electronic cards data for May shows that even after excluding the impact of falling petrol prices, core retail sales fell again; 'spending has effectively been tracking sideways despite falls in petrol prices'

David Hargreaves says with the 20th year anniversary of KiwiSaver coming up, it's time to take a long hard look at what the scheme is and what it could be - otherwise we risk spoiling it

David Hargreaves says with the 20th year anniversary of KiwiSaver coming up, it's time to take a long hard look at what the scheme is and what it could be - otherwise we risk spoiling it

Latest monthly RBNZ figures show that in April those taking up new mortgages had a clear split between two strategies - with some prepared to wait for further OCR cuts while others were happier to fix for longer terms

Latest monthly RBNZ figures show that in April those taking up new mortgages had a clear split between two strategies - with some prepared to wait for further OCR cuts while others were happier to fix for longer terms

BNZ economists note Fonterra's new season milk price forecast has the widest range ever, reflecting 'considerable uncertainty around the outlook'

BNZ economists note Fonterra's new season milk price forecast has the widest range ever, reflecting 'considerable uncertainty around the outlook'

Future Official Cash Rate decisions in 2025 are ‘all effectively live’, ASB economists say

Future Official Cash Rate decisions in 2025 are ‘all effectively live’, ASB economists say

Latest monthly RBNZ figures show a substantial move to longer fixed term mortgages is happening, while, separately, investors are slowly taking more of an interest in the market

Latest monthly RBNZ figures show a substantial move to longer fixed term mortgages is happening, while, separately, investors are slowly taking more of an interest in the market

ANZ chief economist says the economy is recovering but firms are still finding it difficult to pass cost increases through to prices; this is an environment 'in which the RBNZ can support growth'

ANZ chief economist says the economy is recovering but firms are still finding it difficult to pass cost increases through to prices; this is an environment 'in which the RBNZ can support growth'

Dairy giant Fonterra has made a strong opening farmgate milk price forecast for the season that's about to start, while firming up expectations of earnings for the current financial year of about 70 cents per share

Dairy giant Fonterra has made a strong opening farmgate milk price forecast for the season that's about to start, while firming up expectations of earnings for the current financial year of about 70 cents per share

Reserve Bank cuts OCR to 3.25% and indicates there may be one more cut this year - bank economists may have expected and hoped for more; RBNZ's GDP forecasts for this year cut

Reserve Bank cuts OCR to 3.25% and indicates there may be one more cut this year - bank economists may have expected and hoped for more; RBNZ's GDP forecasts for this year cut

Monthly filled jobs data shows a decline in April, while figures for the previous two months have also been revised down

Monthly filled jobs data shows a decline in April, while figures for the previous two months have also been revised down

Latest Reserve Bank figures show that on a seasonally adjusted basis, new mortgage commitments were down last month, although the figures were the highest for an April month in four years

Latest Reserve Bank figures show that on a seasonally adjusted basis, new mortgage commitments were down last month, although the figures were the highest for an April month in four years

The Reserve Bank will likely cut the Official Cash Rate from 3.50% to 3.25% in the coming week, but it's really anybody's guess what might happen after that

The Reserve Bank will likely cut the Official Cash Rate from 3.50% to 3.25% in the coming week, but it's really anybody's guess what might happen after that

The first official release of results from a new survey the Reserve Bank has spent a lot of time developing have provided something of a headache for the central bank ahead of next week's Official Cash Rate decision

The first official release of results from a new survey the Reserve Bank has spent a lot of time developing have provided something of a headache for the central bank ahead of next week's Official Cash Rate decision

Bumper exports of dairy, meat, fruit and wood have driven a record monthly goods trade surplus of over $1.4 billion in April

Bumper exports of dairy, meat, fruit and wood have driven a record monthly goods trade surplus of over $1.4 billion in April

Tower's Michael Stiassny says putting a final limit on Canterbury earthquake claims is about 'putting a stop to the peripheral industry that has created a self-perpetuating gravy train'

Tower's Michael Stiassny says putting a final limit on Canterbury earthquake claims is about 'putting a stop to the peripheral industry that has created a self-perpetuating gravy train'

The services sector again contracted slightly in the last month and is 'a long way from being back to full health'

The services sector again contracted slightly in the last month and is 'a long way from being back to full health'

David Hargreaves has a look at how mortgage rate reductions have been tracking and tries to assess how much more is needed in order to get the economy back on track

David Hargreaves has a look at how mortgage rate reductions have been tracking and tries to assess how much more is needed in order to get the economy back on track

Statistics NZ's Selected Price Indexes show as well as a surge in food prices in April, airfares shot up during the school holiday-Easter period

Statistics NZ's Selected Price Indexes show as well as a surge in food prices in April, airfares shot up during the school holiday-Easter period

Electronic cards data for April shows that hospitality, durables and consumables spending rose in the month, but the apparel industry is still doing it tough

Electronic cards data for April shows that hospitality, durables and consumables spending rose in the month, but the apparel industry is still doing it tough

People who haven't repaid Small Business Cashflow loans will start facing substantial default interest from next month

People who haven't repaid Small Business Cashflow loans will start facing substantial default interest from next month

David Hargreaves has a crunch of the first-quarter mortgage figures, which show business is getting busier whether we talk about amounts borrowed or the numbers of mortgages taken out

David Hargreaves has a crunch of the first-quarter mortgage figures, which show business is getting busier whether we talk about amounts borrowed or the numbers of mortgages taken out

Latest monthly RBNZ figures show that in March one and two-year fixed mortgage terms were very much back in vogue, while far fewer customers went for floating terms

Latest monthly RBNZ figures show that in March one and two-year fixed mortgage terms were very much back in vogue, while far fewer customers went for floating terms