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

 


Deutsche Bank - ANZ Job Ads (Sept) and Confidence

Deutsche Bank - ANZ Job Ads (Sept) and Consumer Confidence

Economic Note (New Zealand) NZ: ANZ Job Ads (Sept) and Consumer Confidence

Key Points

The trend number of job ads rose sharply by 2.5% mom in September and was 34.6% higher than in September 1998 - this was the thirteenth consecutive monthly increase in the series. Strong growth was experienced in both the Auckland (2.7% mom) and Wellington (2.6% mom) regions.

The latest WestpacTrust McDermot Miller Survey showed consumer confidence rose to 114.6 in the September quarter, up from 113.7 in June. A survey measure above 100 indicates that optimists outnumber pessimists.

Comment

The level of job ads data remains consistent with a further rise in employment over 1999. Furthermore, continued strength in job ads over the September quarter provides support to our expectations that September GDP will reflect a significant rebound in economic activity.

Higher levels of consumer confidence are consistent with strong retail sales data released earlier in the week which showed retail spending in August had increased 1.3% mom. Positive consumer sentiment signals continued strong consumption activity until the end of this year at least.

ENDS

This, along with an extensive range of other publications, is available on our web site http://research.gm.db.com

In order to read our research you will require the Adobe Acrobat Reader which can be obtained from their website http://www.adobe.com for free.

For answers to your EMU questions, check Deutsche Bank's EMU web site http://www.db.com/emu or email our helpline business.emu@db.com.


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

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>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news