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NZ annual current account deficit widest in nine years

Article – BusinessDesk

Sept. 19 (BusinessDesk) – New Zealand posted its widest annual current account deficit in nine years in the June quarter as foreign-owned firms reaped bigger income from their domestic operations than Kiwi companies did overseas. Read more »

Eleven months in and it looks like no-one is happy

Press Release – New Zealand National Party

The Government has ignored slumping business confidence since it took power but will struggle to explain away signs that ordinary New Zealanders are becoming downhearted after 11 months of this coalition, Nationals Finance spokesperson Amy Adams says. … Read more »

Most strikes in 30 years as Govt hypes expectations

Press Release – New Zealand National Party

More people have gone on strike in 2018 than at any time since 1989 thanks to the Government over-egging expectations for wages and emboldening unions, Nationals Workplace Relations and Safety spokesperson Scott Simpson says. Read more »

HiFX Data Update – NZ Q2 Current Account Release

Press Release – HiFX

The NZ Current Account Balance for Q2 2018 has just been released. The Current Account Deficit was worse than expected (larger deficit) : Current Account Balance Q2 $1.62 bio Deficit (Consensus $1.32 bio Deficit) Current Account Balance (seasonally adjusted) … Read more »

Annual current account deficit widens to $9.5 billion

Press Release – Statistics New Zealand

New Zealands current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. Read more »

Near-record exports see current account deficit shrink

Press Release – Statistics New Zealand

New Zealand’s seasonally adjusted current account deficit reduced to $2.7 billion for the June 2018 quarter, Stats NZ said today. Read more »

ASB Regional Economic Scoreboard Q2 2018

Press Release – ASB Bank

Employment, tourism and housing growth sees Otago named best performing region for Q2 Read more »

NZ services sector slows in August

Article – BusinessDesk

Sept. 17 (BusinessDesk) – Activity in New Zealand’s services sector, which accounts for about two-thirds of the economy, slowed below its long-term average in August. Read more »

Ardern: Our Plan for a modern and prosperous New Zealand

Speech – New Zealand Government

Te whare e tu nei Te marae e takoto ana Tena korua E nga mate maha Haere, haere, haere Nga tangata whenua o tenei rohe o Tmaki Makaurau, tena koutou Tatou nga kanohi ora e hui mai ana Tena koutou, tena koutou, tena tatou katoa Read more »

Fonterra, Home of the Poor-Performance Bonus

Press Release – Closing The Gap

Fonterra, Home of the Poor-Performance Bonus The directors of Fonterra have set a dangerous precedent in rewarding the departing chief executive a $3.85m performance bonus for the 2017 financial year when the co-operative profits plunged, said Peter … Read more »

NZ crane activity hits record amid construction boom

Article – BusinessDesk

Sept. 15 (BusinessDesk) – New Zealand has a record number of cranes operating across city skylines as the country experiences a construction boom, according to the latest RLB Crane Index. Read more »

Strong June qtr GDP growth should quell rate cut risk

Article – BusinessDesk

Sept. 14 (BusinessDesk) – Strong economic growth should calm expectations for a possible rate cut this year. Read more »

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