Latest Economy Headlines

House prices to peak next year on new supply

Mon, 25 Jul 2016 14:20:34 +1200 | BusinessDesk

July 25 (BusinessDesk) - New Zealand house prices will rise another 17 percent before peaking late next year as accelerating building activity takes time to meet the imbalance between a lack of housing stock and growing demand, says economic consultancy Infometrics.More >>

NZ export log prices drop to 7-month low

Mon, 25 Jul 2016 14:10:54 +1200 | BusinessDesk

July 25 (BusinessDesk) - New Zealand export log prices slid to a seven-month low in July as a stronger local currency and weaker prices in key export markets dented returns.More >>

NZ levies one of the world’s lowest property purchase taxes

Mon, 25 Jul 2016 13:46:44 +1200 | UHY Haines Norton

New Zealand levies one of the world’s lowest property purchase taxes on prime real estate - global UHY study reveals More >>

World Week Ahead: Wall St seen powering higher

Mon, 25 Jul 2016 09:05:15 +1200 | BusinessDesk

July 25 (BusinessDesk) - A Federal Reserve policy meeting, a slew of US earnings including from Apple, Facebook and Twitter, as well as a flurry of economic data will take centre stage this week as investors are trying to gauge whether fresh records ...More >>

Grant Robertson interviewed by Corin Dann

Sun, 24 Jul 2016 22:44:37 +1200 | TVNZ

CORIN I wonder if you could give us a sense of how a future Labour government would navigate its way through its economic issues in a world of post-Brexit, of potentially a Donald Trump presidency. It’s a pretty scary place. What would be your priorities?More >>

Investors Displeased by Central Banks

Sat, 23 Jul 2016 12:10:58 +1200 | ThinkMarkets

It was a very disappointing day for investors as nothing came good out of the ECB meeting and on the earnings front, there were no upbeat news either. Investors saw that the central banks are keeping the markets happy by only talking but no reaction ...More >>

Auckland Council receives Unitary Plan recommendations

Fri, 22 Jul 2016 17:31:16 +1200 | Auckland Council

The USB stick containing the Independent Hearings Panel’s recommendations for the Auckland’s Unitary Plan. More >>

Hastings retail economy hits $60m

Fri, 22 Jul 2016 14:15:48 +1200 | Hastings District Council

Retail growth in Hastings continues to outstrip the national rate, up more than eight per cent in the three months ended June 2016. More >>

New Zealand payment times remain low

Thu, 21 Jul 2016 17:27:26 +1200 | Dun and Bradstreet

New Zealand invoice payment times have maintained their record-low momentum, averaging approximately 35 days for the last four quarters, despite increasing slightly over the second quarter of 2016. According to Dun & Bradstreet’s Trade Payments ...More >>

All five leading retail banks require 40% property deposit

Thu, 21 Jul 2016 17:04:30 +1200 | BusinessDesk

July 21 (BusinessDesk) - All five of the country's leading retail banks have acted early to introduce restrictions on lending to property investors as part of the Reserve Bank's bid to slow the heated housing market.More >>

Wool Market Steady

Thu, 21 Jul 2016 14:17:38 +1200 | NZ Wool Services International Ltd

New Zealand Wool Services International Limited’s CEO, Mr John Dawson reports that the North Island Wool Auction received revived support this week with an improved 81 percent of the 5700 bales selling. More >>

MediaWorks Radio No. 1 Network Nationwide

Thu, 21 Jul 2016 13:23:34 +1200 | Mediaworks

MediaWorks Radio is the number one network nationwide, with 2,149,800 listeners tuning in every week across its nine radio brands. In the top 13 major markets, MediaWorks Radio achieved its highest ever figure - growing its total audience to 1,695,000*.More >>

Banks bust a move, Government possum in the headlights

Thu, 21 Jul 2016 13:10:26 +1200 | New Zealand Labour Party

Three of the big four banks have acted responsibly by bringing the shutters down on property speculators earlier than required by the Reserve Bank, says Labour’s housing spokesperson Phil Twyford.More >>

Blundering On

Thu, 21 Jul 2016 13:06:42 +1200 | New Zealand First Party

Anyone who has not been in outer space over recent months has seen momentous and unpredictable events unfolding. Brexit and multiple uncertainties and risks in the global economy have created a sombre outlook. Globally, economic growth is faltering.More >>

Meat exporters facing foreign exchange headwinds

Thu, 21 Jul 2016 12:30:28 +1200 | Meat Industry Association

Meat Industry Association Chief Executive Tim Ritchie says uncertainty in the EU as a result of Brexit is one of the causes of a higher exchange rate, which will significantly affect prices our exporters receive in the European market. This, in ...More >>

National’s out of touch approach to economy exposed

Thu, 21 Jul 2016 11:22:18 +1200 | New Zealand Labour Party

Today’s economic assessment from the Reserve Bank highlights the danger to the New Zealand economy from a National government that is recklessly complacent in the face of a housing crisis and a struggling export sector, Labour’s Finance spokesperson ...More >>

ContainerCo to develop new container depot in Hawke’s Bay

Thu, 21 Jul 2016 11:09:12 +1200 | ContainerCo

ContainerCo (NZL) Limited ( ContainerCo ), the container depot operator, today announced that it will develop a major new container services facility in Hawke’s Bay. More >>

HiFX Data Update - RBNZ Economic Update

Thu, 21 Jul 2016 09:40:44 +1200 | HiFX

The Reserve Bank of New Zealand has just released the previously unscheduled update on its economic assessment of NZ. His key points were: More >>

Reserve Bank releases economic update

Thu, 21 Jul 2016 09:36:20 +1200 | Reserve Bank

Prospects for growth in the global economy have diminished despite very stimulatory monetary policy and low oil prices. Significant downside risks remain. Financial market volatility increased following the UK referendum and long-term interest rates ...More >>

Latest OECD dairy forecast raises serious questions

Thu, 21 Jul 2016 09:11:33 +1200 | New Zealand Labour Party

The latest global dairy price forecast shows that New Zealand dairy farmers will not reach a break-even payout before 2019 at the earliest, and will not reach the dairy price factored into this year’s Budget until after 2025, Labour’s Finance ...More >>

 

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