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First Survey For 2013

First Survey For 2013

Welcome to the first Thursday of February and this week we are running our monthly BNZ Confidence Survey which is now into its 8th year. If you have not already done so please feel free to click on the link below, tick whether you think the economy will be in better or worse shape in a year’s time, and pen a sentence on the current state of affairs in your particular sector. The results will be released early next week.

The Growth Situation

If we look at the most up to date data in hand we can see that growth in the New Zealand economy was accelerating going into the end of 2012 even though GDP only rose by 0.3% in the June quarter and 0.2% in the September quarter. The volume of construction work rose 10% during the September quarter and may have achieved a similar result in the December quarter with growth continuing into this year given the upward trend in the value of consents issued for building work from the middle of last year. Non-residential consent values rose 9.4% in the second half of last year compared with a year Click here to read
: Weekly Overview February_7.pdf


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