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Dairy product prices slip, declining for ninth time

Article – BusinessDesk

July 18 (BusinessDesk) – Dairy product prices fell at the Global Dairy Trade auction, as slides in rennet casein and butter outweighed a surprise gain in whole milk powder. Read more »

NZ June qtr inflation just below forecast

Article – BusinessDesk

July 17 (BusinessDesk) – New Zealand second-quarter inflation was slightly lower than economists had expected but in line with central bank forecasts as housing-related prices continue to push higher. Read more »

Inflation is still low, but headed higher

Press Release – Kiwibank

It might have been cheaper to upgrade the car, just less so to add to the house. Key Points Food, alcohol, construction, and rents all surprised slightly on the high-side. Petrol rose, and will rise some more. Used cars were heavily discounted. … Read more »

Service sector shows worrying signs for economy

Press Release – New Zealand National Party

The services sector of the economy is now performing at its worst level since 2012 raising concerns about the economys ability to continue to create opportunities, grow jobs and lift wages, National Finance Spokesperson Amy Adams says. Read more »

House prices $300,000 above what NZers think affordable

Press Release – Horizonpoll

On average New Zealanders think an affordable home price would be $375,200. This is $300,480 below Quotable Values national average house price, for the three months ending June 30, 2018. Read more »

Wgtn business confidence drops back to pre-Christmas levels

Press Release – Wellington Chamber Of Commerce

Confidence among Wellington region businesses has retreated to pre-Christmas levels, according to the latest Wellington Chamber of Commerce Business Confidence Survey. Read more »

Taranaki needs oil and gas, not an ‘economy manager’

Press Release – New Zealand Taxpayers’ Union

No amount of communist-style economic planning will undo the damage of the oil and gas ban, says Taxpayers Union spokesman Louis Houlbrooke. The Government wants to shield Taranakis economy by appointing a $600,000-dollar transitional … Read more »

New labour law settings will stoke inflation

Article – BusinessDesk

July 12 (BusinessDesk) – Hikes to New Zealand’s minimum wage and a move towards collective bargaining will accelerate the pace of pay rises over the next five years and spur inflation, ASB Bank economists say. Read more »

NZers’ confidence in markets remains relatively upbeat

Article – BusinessDesk

July 12 (BusinessDesk) – New Zealanders’ confidence in the country’s financial markets dipped a touch but stayed relatively upbeat in an increasingly uncertain and volatile environment, with people largely comfortable about the stability of markets and the … Read more »

NZ food prices rise 0.2% in June

Article – BusinessDesk

July 12 (BusinessDesk) – New Zealand food prices rose in June, led by higher costs for takeover foods and restaurant meals following an increase in the minimum wage. Read more »

Funding for Taranaki hydrogen infrastructure

Press Release – New Zealand Government

Acting Prime Minister, Rt Hon Winston Peters, has announced a Provincial Growth Fund investment to help develop hydrogen fuel infrastructure in Taranaki. Read more »

Quakes compound drought stresses in Hurunui

Press Release – All Right

Quakes compound drought stresses in Hurunui All Right? media release, 10 July 2018 New research shows Hurunuis earthquakes have exacerbated the stresses being faced by a community already struggling with the impact of three years of drought. In April … Read more »

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