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Broad-based growth as GDP rises 1 percent in June quarter

Press Release – Statistics New Zealand

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. Read more »

HiFX Data Update – NZ Q2 GDP Release

Press Release – HiFX

The NZ GDP for Q2 has just been released. The GDP for Q2 came stronger than forecast (and as predicted by Prime Minister Jacinda Ardern): Adjusted GDP Q2/ Annual : GDP +1.0% / +2.8% Consensus +0.8% / +2.5% NZ GDP over the last 12 months has increased … Read more »

Economic growth figures highlight Govt fallacy

Press Release – New Zealand National Party

Todays GDP figures illustrate the fallacy of the Governments claim they wont rely on population growth to underpin economic growth as GDP per capita came in well below headline GDP growth, National Finance Spokesperson Amy Adams says. Read more »

Stephen Jennings joins the NZ Initiative board

Press Release – The New Zealand Initiative

Wellington (20 September 2018): The New Zealand Initiative welcomes entrepreneur Stephen Jennings, CEO and Founder of Africas largest urban development company, Rendeavour, onto its Board of Directors. Read more »

NZ annual current account deficit widest in nine years

Article – BusinessDesk

Sept. 19 (BusinessDesk) – New Zealand posted its widest annual current account deficit in nine years in the June quarter as foreign-owned firms reaped bigger income from their domestic operations than Kiwi companies did overseas. Read more »

Eleven months in and it looks like no-one is happy

Press Release – New Zealand National Party

The Government has ignored slumping business confidence since it took power but will struggle to explain away signs that ordinary New Zealanders are becoming downhearted after 11 months of this coalition, Nationals Finance spokesperson Amy Adams says. … Read more »

Most strikes in 30 years as Govt hypes expectations

Press Release – New Zealand National Party

More people have gone on strike in 2018 than at any time since 1989 thanks to the Government over-egging expectations for wages and emboldening unions, Nationals Workplace Relations and Safety spokesperson Scott Simpson says. Read more »

HiFX Data Update – NZ Q2 Current Account Release

Press Release – HiFX

The NZ Current Account Balance for Q2 2018 has just been released. The Current Account Deficit was worse than expected (larger deficit) : Current Account Balance Q2 $1.62 bio Deficit (Consensus $1.32 bio Deficit) Current Account Balance (seasonally adjusted) … Read more »

Annual current account deficit widens to $9.5 billion

Press Release – Statistics New Zealand

New Zealands current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. Read more »

Near-record exports see current account deficit shrink

Press Release – Statistics New Zealand

New Zealand’s seasonally adjusted current account deficit reduced to $2.7 billion for the June 2018 quarter, Stats NZ said today. Read more »

ASB Regional Economic Scoreboard Q2 2018

Press Release – ASB Bank

Employment, tourism and housing growth sees Otago named best performing region for Q2 Read more »

NZ services sector slows in August

Article – BusinessDesk

Sept. 17 (BusinessDesk) – Activity in New Zealand’s services sector, which accounts for about two-thirds of the economy, slowed below its long-term average in August. Read more »

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