Tony Alexander Weekly Overview June 20
Tony Alexander Weekly Overview
Economy growing, NZD down, and a housing dot-point summary
Welcome to the June 20 Weekly Overview
A full pdf copy of the Weekly Overview is loaded here.
Here is my Youtube video discussing this week’s Overview including more housing comments. 8.09 minutes
New
subscribers can be added to the emailing list here.
The
TVNZ Sunday
programme this week looked at housing affordability in
Auckland and contains some comments from myself.
Lead
Article – GDP and Surface Pro
Our economy
grew 2.5% in the past year and as construction rises growth
will accelerate. I also make some comments about a tablet PC
I was lent to use. 470 words
Some
of the Week’s Economic Data
Consumer
confidence is strong and the current account balance has
improved – but while the former factor will persist the
latter will soon reverse as imports get drawn in for the
construction sector. 272 words
Interest
Rates
Fixed rates are going to rise it looks
now that Fed. tapering looks highly probable later this
year. 179 words
NZ
Housing Market
This week I give a simple
dot-point summary of the situation and reiterate that in a
market constrained by supply prices will rise and the rises
spread out of Auckland and Christchurch. These are early
days for this housing cycle. 1,350 words.
Offshore
Nothing
much this week beyond noting the Federal Reserve
Chairman’s tapering comments and some US data. 261
words.
Exchange
Rates
Tapering talk has pushed the USD up
and the NZD down. Volatility will be at times extreme in the
coming year as tapering gets underway – or not – then
ends – or not. 239 words
Some things are
best kept private - introduction to BNZ Private Bank
If you would like to speak with one of our
Private Bankers to review your personal situation, feel free
to contact us for a discreet obligation free discussion on
0800 477 077 or email us at privatebank@bnz.co.nz.
To find out more about BNZ Private Bank, please visit www.bnzprivatebank.co.nz
Tony
Alexander produces six regular publications.
The monthly Growing With China issues
are here.
The
monthly Brain Gain NZ can be located here.
The
Weekly Overviews are loaded here.
The
monthly BNZ-REINZ Residential Market Surveys are posted
here.
The
monthly BNZ Confidence Surveys are available here.
The
monthly BNZ-Nine Rewards Consumer Trends Survey is
here.
Other
recent publications include the following.
The
Cyprus Haircut
Sources
of Western Apprehension About China
Expat
Experiences of NZ Hiring
Advice
from NZ employers to expats and migrants
19
Reasons Why Auckland House Prices Will Keep Rising. Page 5
of
Massey
University Symposium Handout on Housing
Affordability
Kiwi
Business Locus of Control at a Distance
All the best
Tony Alexander
Chief Economist
www.tonyalexander.co.nz
ENDS