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

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>