English: National is focussed on achieving surplus

Column – New Zealand National Party

The Treasurys latest economic forecasts, released today, anticipate a deficit in the current financial year despite sustained economic growth and more jobs being created. Read more »

New Zealand Government signals reversal of fortune

Press Release – PricewaterhouseCoopers

The Governments robust $372 million forecast surplus from Budget 2014 will turn into a $572 million deficit, according to the 2015 Half-Yearly Economic and Fiscal Update and the Budget Policy Statement released today. Imports are cheaper and good … Read more »

Cuts in public services likely from Budget Policy Statement

Press Release – New Zealand Council of Trade Unions

The horizon for workers looks gloomy with the release today of the Budget Policy statement. Continuing real cuts in Government funding of public services are inevitable as a result of todays Budget Policy Statement. The policy ignores the social, … Read more »

Bill English’s face is redder than his books

Press Release – New Zealand Labour Party

The Government owes New Zealanders an apology for failing to deliver the surplus it spent four years and two election campaigns promising, says Labours Finance spokesperson Grant Robertson. Bill Englishs face is redder than the Crown accounts. … Read more »

Half Year Economic and Fiscal Update 2014

Press Release – The Treasury

The Half Year Economic and Fiscal Update (HYEFU) 2014 provides the Treasury’s latest economic forecasts and the forecast financial statements of the Government, including the implications of Government financial decisions. Read more »

Half Year Economic and Fiscal Update 2014

Press Release – New Zealand Treasury

The Half Year Economic and Fiscal Update (HYEFU) 2014 provides the Treasury’s latest economic forecasts and the forecast financial statements of the Government, including the implications of Government financial decisions. Read more »

Government focused on surplus in 2014/15

Press Release – New Zealand Government

The Government believes an OBEGAL surplus is achievable this financial year, despite Treasurys latest forecast today predicting a $572 million deficit (0.2 per cent of GDP) for the year to 30 June 2015, Finance Minister Bill English says. Read more »

Selective Activity in November 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 40 fewer farm sales (-9.7%) for the three months ended November 2014 than for the three months ended November 2013. Overall, there were 374 farm sales in the three … Read more »

Economy can grow faster than thought before inflation bites

Article – BusinessDesk

Dec. 16 (BusinessDesk) – Economic growth is expected to average a historically high annual rate of 2.8 percent over the next five years, although growth will peak in the year to March 2015 at a slightly lower level than was forecast in the budget … Read more »

NZ govt shunts out return to surplus to 2016

Article – BusinessDesk

Dec. 16 (BusinessDesk) – The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, … Read more »

NZ dairy herd rises to record 6.7M as sheep flock falls

Article – BusinessDesk

NZ dairy herd rises to record 6.7M as sheep flock falls to 29.6M Read more »

National MarketWatch Analysis December 2014

Press Release – Harcourts

There is a sense of urgency in the residential property market with written sales up markedly from this time last year in all regions except Christchurch. Buyers recognise that now is the best time to buy. Read more »

Dairy cattle total rises to 6.7 million

Press Release – Statistics New Zealand

The number of dairy cattle in New Zealand continued to rise, to reach 6.7 million at the end of June, Statistics New Zealand said today. Read more »

NZ dollar falls vs. yen in face of oil’s decline

Article – BusinessDesk

NZ dollar falls vs. yen as investors seek haven in face of oil’s decline Read more »

Weights for new Trade-Weighted Index

Press Release – Reserve Bank

The Reserve Bank is changing the way it calculates the trade-weighted index (TWI), as previously announced in October. As of Wednesday 17 December 2014: the number of currencies included in the TWI will be increased from five to 17; the weights … Read more »

NZ services sector slows in November, still in expansion

Article – BusinessDesk

Dec. 15 (BusinessDesk) – New Zealand’s services sector expansion slowed in November, while remaining in expansion, adding to evidence the economy is slowing to a more moderate pace of growth. Read more »

Holcim, NZ Steel sell lime business to Canada’s Graymont

Article – BusinessDesk

Dec. 15 (BusinessDesk) – Graymont, the Canadian lime business, has agreed to buy McDonalds Lime from Holcim New Zealand, which plans to close its Westport cement plant in 2016, and Bluescope Steel-owned New Zealand Steel for an undisclosed sum. Read more »

NZ dollar: Declining interest to hedge amongst importers

Press Release – ASB Bank

The latest ASB Kiwi Dollar Barometer finds businesses are fairly confident the NZD has peaked and will continue to decline gradually over the year ahead. ASB Chief Economist Nick Tuffley says that regardless of business size or type, there is a … Read more »

Fonterra Shareholders Council largely backs milk supply plan

Article – BusinessDesk

Dec. 12 (BusinessDesk) – The Fonterra Shareholders Council is broadly supportive of plans for the cooperative to start sourcing milk from South Island suppliers who are not also shareholders, with a couple of caveats. Read more »

Market CommentaryDecember 2014

Press Release – Electricity Authority

The final Market Commentary for the year includes an overview of the market operation service providers, an update on the development of the hedge market and details of the smart meter roll out in New Zealand. Read more »

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