PREVIEW: NZ inflation may inch back to mid-point of band

Article – BusinessDesk

PREVIEW: NZ inflation may inch back to mid-point of band in 4Q on fuel costs Read more »

NZ manufacturing activity falls sharply in December

Article – BusinessDesk

Jan. 19 (BusinessDesk) – New Zealand’s manufacturing activity fell a five-year low in December as businesses deferred major decisions until there is more clarity after the change in the government, echoing the downbeat sentiment in this week’s business … Read more »

Record lamb and mutton receipts and second highest for beef

Press Release – NZ Beef and Lamb

Red meat export receipts reached a record high for the December quarter of the 2017-18 season, according to an analysis by Beef + Lamb New Zealand’s (B+LNZ) Economic Service. Read more »

Time to turnaround NZ’s rubbish record on waste

Press Release – New Zealand Government

New Zealands position as 10th worst nation for creating urban waste per capita is shameful, says Associate Environment Minister Eugenie Sage, who will review how the Waste Minimisation Act is being implemented. Recent news reports have highlighted … Read more »

Further support for struggling farmers

Press Release – New Zealand Government

Drought stricken farmers in the Lower North Island and South Islands West Coast will have access to Rural Assistance Payments (RAPs) Acting Social Development Minister Peeni Henare has announced. The drought across Taranaki, western parts of Manawatu-Whanganui … Read more »

HiFX Morning Update 19 Jan 2018

Article – HiFX

The NZD opens at 0.7302 (Mid-rate) this morning. The lack of outright movement since yesterday belies the fact that it was actually a relatively volatile day. The Kiwi broke through 0.7300, trading to a high of 0.7331 before getting knocked back to … Read more »

HiFX Weekly FX Technical Report

Article – HiFX

NZD/USD Last Price: 0.7330 Daily: Market focusing on 0.7350 and 0.7425 resistances next Weekly: Tone improving while 0.7150 support holds below Support 1: 0.7140/50 Support2: 0.7070/80 Resistance1: 0.7275/85 Resistance2: 0.7345/55 Read more »

NZD drops on upbeat Fed report, Apple’s tax bill

Article – BusinessDesk

Jan. 18 (BusinessDesk) – The New Zealand dollar dropped more than half a US cent after upbeat comments from the US Federal Reserve and news Apple Inc’s tax bill and investment plans will see more funds flow into the US may have galvanised investors … Read more »

Regions still strong, says real estate boss

Press Release – Century 21 Real Estate

Were anticipating that real estate in the regions will remain relatively strong throughout 2018, says Geoff Barnett, National Manager of Century 21 New Zealand. Read more »

NZ house sales slump in December but prices still firm

Article – BusinessDesk

Jan. 18 (BusinessDesk) – The number of property sales across New Zealand slumped 10 percent in December from a year earlier but prices continued to lift, according to the Real Estate Institute. Read more »

Testing for Mycoplasma bovis spread

Press Release – New Zealand Government

A testing and tracing regime for Mycoplasma bovis will provide a clearer indication of its spread and potential actions for eradication by the end of February, says Agriculture and Biosecurity Minister Damien OConnor. In a meeting yesterday, Ministry … Read more »

Strong end to 2017, with house prices up 5.8% in December

Press Release – REINZ

Median house prices across New Zealand rose by 5.8% year-on-year to $550,000 up from $520,000 in December 2016 and median prices for New Zealand excluding Auckland increased by 6.6% to $450,000 (up from $422,000 in December 16) according to the … Read more »

NZ dollar falls vs Aussie on strong consumer confidence

Article – BusinessDesk

Jan. 17 (BusinessDesk) – The New Zealand dollar fell against its Australian counterpart on growing consumer confidence across the Tasman, and declined against the greenback on weaker commodity prices. Read more »

Coding error in the Treasury’s poverty-reduction projections

Press Release – New Zealand Treasury

The Treasury has advised the Government of a coding error in the Treasurys modelling of projected changes in child poverty. Read more »

NZ commodity prices fall in December while stronger kiwi cut

Article – BusinessDesk

Jan. 17 (BusinessDesk) – New Zealand commodity prices dropped again in December while the stronger kiwi dollar eroded export receipts for primary producers. Read more »

For the love of Cards – Kiwis and credit card spending

Press Release – Canstar

In the years since the global financial crisis, Kiwis credit card spending has sky-rocketed by nearly 50%. By the end of 2017 its projected that we will have spent over $43 billion dollars on our plastic friends in the last 12 months, but failing to pay … Read more »

Dairy product prices climb amid concern about drop in supply

Article – BusinessDesk

Jan. 17 (BusinessDesk) – Dairy product prices rose at the Global Dairy Trade auction amid concern about a decline in New Zealands supply following dry weather conditions. Read more »

HiFX Morning Update 17 Jan 2018

Article – HiFX

The NZDUSD opens at 0.7273 (mid-rate) this morning. The NZD has edged lower overnight failing to capitalise on this mornings Global Dairy Trade (GDT) auction result. The second GDT auction of the New Year has seen the index increase by 4.9% following … Read more »

RBNZ review finds ‘strong case’ for reform

Article – BusinessDesk

Jan. 16 (BusinessDesk) – A review of the Reserve Bank’s decision-making and governance by former State Services Commissioner Iain Rennie found a strong case for reform at the central bank that would strengthen its decision-making process and improve … Read more »

NZ credit, debit card spending rises in December

Article – BusinessDesk

Jan. 16 (BusinessDesk) – New Zealand retail spending on electronic cards gained in December for the fourth month in a row, driven by higher fuel prices. Read more »

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