Deficit $1.5b in five months to November

Press Release – New Zealand Government

Lower than expected operating expenses and higher than forecast customs and excise duties contributed to an operating balance before gains and losses (OBEGAL) deficit $121 million better than forecast for the five months to November, Finance Minister … Read more »

NZ govt operating deficit smaller than expected

Article – BusinessDesk

Jan. 23 (BusinessDesk) – The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. Read more »

Government Financial Statements to 30/11/14

Press Release – New Zealand Treasury

Core Crown tax revenue was $94 million below forecast. GST, source deductions and corporate tax together were collectively $138 million lower than forecast, partly offset by higher-than-forecast customs and excise duties. However, year-on-year growth … Read more »

Changes won’t cure house prices, will undermine protections

Press Release – Environment and Conservation Organisations of NZ

Major changes to Resource Management Act (RMA) proposed by the Minister for the Environment will weaken environmental safeguards and will not solve housing affordability issues, says the Environment and Conservation Organisations of NZ, ECO. Read more »

Solid Performance in December Rural Property Market

Press Release – Real Estate Institute Of New Zealand

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 68 fewer farm sales (-12.3%) for the three months ended December 2014 than for the three months ended December 2013. Overall, there were 486 farm sales in the three … Read more »

NZ consumer confidence climbs in January on improving future

Article – BusinessDesk

Jan. 22 (BusinessDesk) – New Zealand consumer confidence rose for a second month in January as households grew more upbeat about the prospects for the future. Read more »

Manufacturing activity rises to decade high in December

Article – BusinessDesk

Jan. 22 (BusinessDesk) – Activity in New Zealand’s manufacturing sector rose last month to its highest level in a decade. Read more »

RMA changes welcome, but problem bigger than housing

Press Release – The New Zealand Initiative

The New Zealand Initiative has welcomed the overhaul of the Resource Management Act, in particular the focus on housing affordability and the restoration of property rights, but is still concerned about the ambiguity surrounding Section 5. Read more »

Vital RMA changes about time

Press Release – Employers And Manufacturers Association

The changes telegraphed for the Resource Management Act is the most important piece of work the government will undertake during this term of office, the Employers and Manufacturers Association says. Read more »

English breaks his $6000 wages promise

Press Release – New Zealand Labour Party

Just one month into the new year Bill English has already rowed back on his election promise of real wage rises for New Zealanders, says Labours Finance spokesperson Grant Robertson. Read more »

ACT welcomes commitment to RMA reform

Press Release – ACT New Zealand

ACT welcomes commitment to RMA reform Press release: ACT New Zealand January 22, 2015. 8:20am Read more »

Finance Minister English to keep lid on public sector wages

Article – BusinessDesk

Jan. 21 (BusinessDesk) – Finance Minister Bill English has warned public sector employees will face “restrained” wage increases as he tries to get the government books back in the black while contending with lower than expected inflation. Read more »

International education now worth $2.85 billion

Press Release – New Zealand Government

International education continues to be a star performer in New Zealands export-led growth according to latest data, Tertiary Education, Skills and Employment Minister Steven Joyce says. Read more »

Low inflation helping households get ahead

Press Release – New Zealand Government

Low inflation is helping New Zealand households get ahead, with wages on average continuing to rise faster than the cost of living, Finance Minister Bill English says. Read more »

NZ skilled job vacancies rise in Dec as Chch spurs hiring

Article – BusinessDesk

Jan. 21 (BusinessDesk) – The number of skilled vacancies advertised online in New Zealand rose 1.1 percent last month to its highest level in nearly six years as the Canterbury rebuild increased demand for skilled construction workers and engineers, … Read more »

UPDATE: NZ inflation falls below RBNZ’s target

Article – BusinessDesk

Jan. 21 (BusinessDesk) – New Zealand’s annual pace of inflation slowed to below the Reserve Bank’s target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer. Read more »

Low inflation but high housing costs

Press Release – Council of Trade Unions

Rising housing costs are a big worry for households, despite the fall in the CPI in the three months to December, says Bill Rosenberg, CTU Economist. Read more »

NZ consumer prices fall 0.2% in December quarter

Article – BusinessDesk

Jan. 21 (BusinessDesk) – New Zealand consumer prices fell in the final three months of 2014 as plunging oil prices prompted cheaper deals at the petrol pump and led to the first quarter of deflation since December 2012. The New Zealand dollar dropped. Read more »

CPI falls 0.2 percent in December quarter

Press Release – Statistics New Zealand

The consumers price index (CPI) fell 0.2 percent in the December 2014 quarter, following three consecutive rises of 0.3 percent, Statistics New Zealand said today. The CPI often falls in December quarters. Read more »

Skilled job vacancies grew in December

Press Release – Ministry of Business Innovation and Employment

Skilled job vacancies advertised online increased by 1.1 per cent for the month of December, and were up 7.4 per cent in the past year to December, according to the latest Ministry of Business, Innovation and Employments Jobs Online report. Read more »

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