Latest Economy Headlines

Supermarkets & Government to Blame for Milk Prices

Tue, 27 Sep 2016 09:08:18 +1300 | New Zealand First Party

New Zealand First says it is wrong for people to blame dairy farmers for the price of milk in supermarkets when it is the supermarket chains and the government who are milking the profits.More >>

National not facing up to export challenge

Mon, 26 Sep 2016 13:54:38 +1300 | New Zealand Labour Party

“The latest export data from Statistics New Zealand paints a picture of an economy which is not paying its way in the world, says Labour’s Finance spokesperson Grant Robertson.More >>

Sustainability a matter of “survival”

Mon, 26 Sep 2016 13:43:12 +1300 | University of Auckland

A high profile business leader has warned that New Zealand must catch up with the movement towards sustainable, “conscious capitalism” to survive in a disrupted world. More >>

European milk output falls, Fonterra says

Mon, 26 Sep 2016 13:37:55 +1300 | BusinessDesk

Sept. 26 (BusinessDesk) - European farmers scaled back their milk production in June, the first time they've done so since March 2015, Fonterra Cooperative Group says. More >>

Dawn of a New Era

Mon, 26 Sep 2016 13:17:50 +1300 | India Trade Alliance

The first NZ India Business Women Conclave concluded with the signing of a Memorandum of Understanding between India Trade Alliance and FICCI FLO and an understanding to build on the business networks formed during the historic and first ever NZ India ...More >>

NZ monthly trade deficit widest in 2 years

Mon, 26 Sep 2016 11:40:56 +1300 | BusinessDesk

Sept. 26 (BusinessDesk) - New Zealand's trade deficit widened to the biggest monthly gap since September 2014 as dairy and meat exports slumped in August. More >>

Exports fall 8.7 percent as milk powder hits seven-year low

Mon, 26 Sep 2016 10:54:13 +1300 | Statistics New Zealand

Milk powder exports fell in August 2016 to the lowest level since August 2009, contributing to a large 8.7 percent fall in the monthly value of exports when compared with August 2015, Statistics New Zealand said today.More >>

Christmas is Coming – Three Months to Go

Sat, 24 Sep 2016 13:10:58 +1200 | Retail NZ

Today marks three months until Christmas Eve, and Retail NZ says that shoppers can expect to start seeing Christmas decorations about in malls over the next few weeks. “During October, we will see Christmas decorations starting to appear in malls, ...More >>

Christchurch continuing to bounce back

Fri, 23 Sep 2016 13:25:53 +1200 | New Zealand Government

The Minister supporting Greater Christchurch Regeneration Gerry Brownlee says the latest spending figures from Statistics New Zealand are further proof of the city’s ongoing recovery success.More >>

NZ wool auction sees varied selection, higher volumes

Fri, 23 Sep 2016 11:34:40 +1200 | BusinessDesk

Sept. 23 (BusinessDesk) - New Zealand wool prices generally advanced at the country's latest weekly auction, which featured the greatest number of bales on offer in the season so far.More >>

UPDATE: NZX milk futures fall from record after GDT

Thu, 22 Sep 2016 17:34:14 +1200 | BusinessDesk

Sept. 22 (BusinessDesk) - New Zealand milk price futures have fallen in the wake of the latest GlobalDairyTrade auction, having reached a record in the run-up to this week's sale, but remain above the payout level forecast by most of the country's ...More >>

Next step for housing infrastructure fund

Thu, 22 Sep 2016 16:31:41 +1200 | New Zealand Government

Councils can now submit indicative proposals for the Government’s $1 billion Housing Infrastructure Fund, Building and Housing Minister Dr Nick Smith says. More >>

Auditor-General's Annual Report 2015/16 published

Thu, 22 Sep 2016 15:25:53 +1200 | Office of the Auditor-General

The Auditor-General’s Annual Report 2015/16 was presented to the House of Representatives today. More >>

Antarctic connection benefit Canterbury and NZ economies

Thu, 22 Sep 2016 14:30:10 +1200 | Antarctica New Zealand

A report released today estimates Antarctic-related activities bring $125 million to the Canterbury economy and $178 million to the New Zealand economy. More >>

UPDATE: RBNZ, Fed keep rate action for later this year

Thu, 22 Sep 2016 11:36:16 +1200 | BusinessDesk

Sept. 22 (BusinessDesk) - The Reserve Bank of New Zealand and the US Federal Reserve stuck to their scripts today, pushing out any action on interest rates until later this year. More >>

Announcement Brings More Certainty and Security for NZ Dairy

Thu, 22 Sep 2016 11:33:15 +1200 | Federated Farmers

Fonterra’s annual results announced this morning will increase certainty and security for dairy farmers, in what has been a positive week for the industry. The continued upward trend of the Global Dairy Trade auction on Wednesday, the modest increase ...More >>

Small businesses predicting bumper year

Thu, 22 Sep 2016 11:07:16 +1200 | MYOB

More evidence of a pick-up in the New Zealand economy is apparent in the latest MYOB Colmar Brunton Business Monitor survey of more than 1,000 small to medium enterprises. The six-monthly survey reveals an increasing number of SMEs are experiencing improved ...More >>

RBNZ's Wheeler keeps OCR at 2%

Thu, 22 Sep 2016 09:21:04 +1200 | BusinessDesk

Sept. 22 (BusinessDesk) - Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band.More >>

Visitor arrivals increase in August

Wed, 21 Sep 2016 17:28:41 +1200 | New Zealand Government

For the year ending August 2016 visitor arrivals hit a record 3.36 million, up 11 percent from the August 2015 year. The increase was mainly driven by increases in visitor arrivals from China and Australia.More >>

Govt Should ‘Scrap Proposed Power Increases’

Wed, 21 Sep 2016 16:55:56 +1200 | New Zealand First Party

New Zealand First says the government should call a halt now to power pricing proposals that will mean higher bills for hundreds of thousands of Kiwis, both households and businesses.More >>

 

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