Mayor welcomes record business confidence despite quakes

Press Release – Wellington City Council

Business confidence in Wellington has hit a two year high, showing the citys businesses have been resilient in the face of the earthquakes, says Wellington Mayor Justin Lester. Read more »

House prices rise, sales volumes ease

Press Release – Real Estate Institute Of New Zealand

Median house prices have risen and sales volumes have stayed flat or fallen across New Zealand in December 2016 when compared to December 2015, according to the latest figures released today by REINZ, source of the most recent, complete and accurate … Read more »

NZ firms stay upbeat in Dec on building boom, rural recovery

Article – BusinessDesk

Jan. 17 (BusinessDesk) – New Zealand businesses stayed relatively upbeat about the state of the economy in the final three months of 2016, as the nation’s building boom continued to soak up resources and the recovery in global dairy prices lifted … Read more »

2017 will be better than you think, as Asia leads the way

Press Release – Deloitte

2017 will be better than you think, according to Deloitte, who today released the first edition of their Voice of Asia series, a collaborative effort by Deloitte member firms in the Asia Pacific region. Read more »

NZ dollar falls as yen strengthens ahead of inauguration

Article – BusinessDesk

Jan. 16 (BusinessDesk) – The New Zealand dollar fell against the yen, which has broadly strengthened ahead of Donald Trump’s inauguration on Friday, and gained against the pound on renewed Brexit concerns. Read more »

NZ lamb returns may be dented as kiwi rises

Article – BusinessDesk

Jan. 16 (BusinessDesk) – Returns from New Zealand’s lamb exports may be restrained by the kiwi’s strength against the British pound, which is heading back to its highest levels in at least four decades. Read more »

Rents leap to end 2016 on a record high

Press Release – Trade Me Property

December was another tough month for tenants in New Zealand with the national median weekly rent jumping to a record $450, according to the latest Trade Me Rental Index. Read more »

New year, new chance to turn the inequality tide

Press Release – Green Party

This year is our chance to turn the tide on growing inequality in New Zealand with a change of government, the Green Party said today. Read more »

Inequality has Kiwi families living in garages

Press Release – Salvation Army

Inequality is damaging New Zealand society, leaving families without access to affordable safe housing and with an inability to provide basic food and utilities, The Salvation Army says. Read more »

Wellington Business confidence declines, survey shows

Press Release – Wellington Chamber Of Commerce

Business confidence in the Wellington region’s economy has declined, according to the latest Wellington Chamber of Commerce Business Confidence Survey Read more »

NZ economy to grow 3.5% in 2017

Article – BusinessDesk

Jan. 13 (BusinessDesk) – The New Zealand economy is expected to grow 3.5 percent over the coming year, with construction, tourism and household spending to lift inflation from its record lows, though international political concerns cast a shadow, according … Read more »

Tourism spending strong ahead of summer season

Press Release – New Zealand Government

Tourism spending continued to grow throughout most regions in the year to November 2016, providing a solid base ahead of the high summer season, Tourism Minister Paula Bennett says. Read more »

NZ dollar benefits from Trump press conference

Article – BusinessDesk

Jan. 12 (BusinessDesk) – The New Zealand dollar continued to hover at its highest level since mid-December against the greenback Thursday, as traders pushed down the value of the US currency following President-elect Trump’s press conference. Read more »

Property values drop in parts of NZ as the LVR takes effect

Press Release – QV Valuations

The latest monthly QV House Price Index shows that nationwide residential property values for December increased 12.5% over the past year. Values rose by 1.3% over the past three months and are now 51.5% above the previous market peak of late 2007. … Read more »

The Treasury appoints new Deputy Secretary

Press Release – The Treasury

Treasury Secretary Gabriel Makhlouf has announced the appointment of Bryan Chapple as the Treasurys new Deputy Secretary, Macroeconomics and Growth. “I’m delighted to have Bryan join the Treasury. This is an important role focused on ensuring a … Read more »

2016 was a Stunning Year for New Vehicle Sales

Press Release – Motor Industry Association

David Crawford, Chief Executive Officer of the Motor Industry Association says While many are writing off 2016 as a year to forget, for the new vehicle sector it was annus mirabilis, a wonderful year. The new vehicle market for 2016 performed significantly … Read more »

US Futures Higher Ahead of FOMC | EZ CPI Data Spooks Markets

Article – ThinkMarkets

The US mortgage application index for the month of December took a nose dive. This confirms that investors do not feel that much comfortable in rising interest rate environment a sign of lack of confidence among consumers. But the element which … Read more »

NZ economy flies through 2016’s political curveballs

Article – BusinessDesk

Dec. 23 (BusinessDesk) – New Zealand’s economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. Read more »

NZ, US win WTO case against Indonesia on trade restrictions

Article – BusinessDesk

Dec. 23 (BusinessDesk) – New Zealand and the US have won their World Trade Organisation dispute over Indonesian trade barriers that led to the collapse in New Zealand beef exports to the southeast Asian country. Read more »

Government needs to ensure economy raises living standards

Press Release – New Zealand Council of Trade Unions

Figures out today show that what New Zealanders produced, measured by our Gross Domestic Product (GDP), increased by 1.1 percent in the three months to September. But while these figures look good on paper they dont tell the whole story. … Read more »

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