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

 


BNZ-Nine Rewards Consumer Trends Survey - January 2014

BNZ-Nine Rewards Consumer Trends Survey - January 2014: Labour Market Improving

Although the net percent of our 549 respondents expressing optimism about the economy has jumped to 47.2% from 30% two months ago, perhaps the most significant result this month is in the labour market. Only a net 12.2% of respondents now say that they are finding it hard to source jobs or extra hours of work. This proportion was a net 23.8% in our previous survey undertaken at the end of November.

The results are supportive of a good outlook for retailers this year, but there may be a note of caution injected regarding how much the Reserve bank will need to raise interest rates to keep inflation suppressed this cycle. Whereas in late-November a net 54.5% of respondents said they expect house prices to rise in the coming year, that proportion has now risen to a net 68.5%.

NB: The net percentages are calculated as Up minus Down with the result divided by the sum of all responses of Up, Down, and Same or variations thereof. EG, for this month 328 or 60% of people said they have a positive outlook for the economy, 69 or 13% Worse, 152 or 28% Same. (328-69)/(328+69+152)*100 = 47.2%

The survey is made possible by Nine Rewards, an online market research panel of over 70,000 people in New Zealand. www.ninerewards.co.nz

A full pdf copy of the BNZ-Nine Rewards Consumer Trends Survey is available here.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news