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

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