Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Tony Alexander's Weekly Overview: A Run Of Weak Data

A Run Of Weak Data

Welcome to the November 15 edition of Tony Alexander's Weekly Overview

The central global themes currently are better than expected data in China and the United States but worries about the US budget deficit, Japan shrinking 0.9% in the September quarter with political dysfunction, and Europe facing increasing social unrest and deepening short, medium, and long term economic woe.

NZ data recently have been worse than expected highlighting yet again that the post-GFC recovery has yet to find its legs. But a construction boom looms and that will forestall any additional monetary policy easing here while keeping the NZD strong and likely rising assisted by investors liking our export product base. Meanwhile the Auckland housing market is shifting into boom territory assisted soon by a wave of investors discontented with low returns on bank deposits and eager to find property exposure.

Click here to read the Weekly Overview November_15.pdf

Best regards
Tony Alexander
Chief Economist
www.tonyalexander.co.nz
www.facebook.com/TonyAlexanderNZ

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Planes: Jetstar Launches Regional Network

Jetstar, the Qantas Airways budget offshoot, launched its new regional network in New Zealand with special $9 one-way fares and has narrowed down its choices to five routes and four destinations - Nelson, Napier, New Plymouth, and Palmerston North. More>>

ALSO:

Fisheries: Report On Underrsize Snapper Catch

The report found that commercial fishers caught 144 tonnes of undersized snapper in the Snapper 1 area – about 3% of the total commercial catch – in the year ending February 2015. The area stretches from the top of the North Island to the Bay of Plenty and is one of New Zealand’s most important fisheries. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news