Tony Alexander's BNZ Weekly Market Overview
BNZ Weekly Market Overview
Analysis – By Tony Alexander
The Kiwi dollar has risen this past week as world markets pull back from a dire scenario. Big global worries remain, but domestically there are more signs of life.
Welcome to the September 1 issue of the BNZ Weekly Overview.
We are running our monthly survey this week, so please click on the link below and let us know whether you feel the economy will be in better or worse shape in a year’s time. Also feel free to pen a sentence describing how things are now in your industry, remembering to say what it is. We have also added a special question “What is the most important thing to you about living in New Zealand?”
The main results will be released on Monday. http://survey.usuite.com/survey/7f801dd05f3742619b046cc119c15106.sur
This week we have added a new section to the Weekly Overview “What do the leading indicators say/” It complements our section looking only at solid indicators of what economic activity has been doing by explicitly analysing in one place the data which tend to give us insight into where things are headed. The key result from the past week’s indicators is that it remains valid to expect strong growth in the economy going forward – but only if you think the old relationships between things like business activity expectations and actual hiring and capital expenditure hold now the same way they held before the global financial crisis – and that may be a big call.
Download the September 1 issue of the BNZ Weekly Overview here.