Dairy product prices climb amid concern about drop in supply

Article – BusinessDesk

Jan. 17 (BusinessDesk) – Dairy product prices rose at the Global Dairy Trade auction amid concern about a decline in New Zealands supply following dry weather conditions. Read more »

HiFX Morning Update 17 Jan 2018

Article – HiFX

The NZDUSD opens at 0.7273 (mid-rate) this morning. The NZD has edged lower overnight failing to capitalise on this mornings Global Dairy Trade (GDT) auction result. The second GDT auction of the New Year has seen the index increase by 4.9% following … Read more »

RBNZ review finds ‘strong case’ for reform

Article – BusinessDesk

Jan. 16 (BusinessDesk) – A review of the Reserve Bank’s decision-making and governance by former State Services Commissioner Iain Rennie found a strong case for reform at the central bank that would strengthen its decision-making process and improve … Read more »

NZ credit, debit card spending rises in December

Article – BusinessDesk

Jan. 16 (BusinessDesk) – New Zealand retail spending on electronic cards gained in December for the fourth month in a row, driven by higher fuel prices. Read more »

NZ business confidence sours in December quarter

Article – BusinessDesk

Jan. 16 (BusinessDesk) – New Zealand firms turned pessimistic about the country’s economic fortunes in the December quarter for the first time in more than two years, with the formation of a Labour-led government and its policy plans spooking businesses. Read more »

NZ employment confidence, pay expectations and job security

Article – BusinessDesk

Jan. 16 (BusinessDesk) – New Zealanders became slightly more confident about job opportunities in the December quarter, though most people aren’t expecting a pay rise this year. Read more »

Retail card spending up in December

Press Release – Statistics New Zealand

Retail card spending rose 0.5 percent in the December 2017 month when adjusted for seasonal effects, Stats NZ said today. This is the fourth consecutive monthly rise in retail card spending. Read more »

NZ Online Retail Sales – provisional Dec 2017 and final Nov

Press Release – BNZ

BNZ and Marketview monthly report on New Zealands Online Retail Sales. HIGHLIGHTS November New Zealanders total online retail spending in November 2017 was 13% higher than the previous November December Provisional December figures show … Read more »

Butter prices drop almost 5 percent in December

Press Release – Statistics New Zealand

Butter, chocolate bars, and wholemeal bread prices all fell in December, Stats NZ said today. Tomatoes and nectarines were also cheaper, but avocado prices remain almost twice as expensive as they were a year ago. Read more »

Body massages and Uber are in, DVDs are out, says Stats NZ

Article – BusinessDesk

Jan. 12 (BusinessDesk) – Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players. Read more »

NZ residential building permits jump in November

Article – BusinessDesk

NZ residential building permits jump in November as apartments make up for shrinking house consents Read more »

Mycoplasma bovis testing to be extended nationwide from Feb

Press Release – BusinessDesk

Jan. 12 (BusinessDesk) – The Ministry for Primary Industries (MPI) and its dairy industry partners will extend the Mycoplasma bovis milk testing underway in Canterbury, Otago and Southland into a national milk surveillance programme from February. Read more »

Technology transforms consumer spending

Press Release – Statistics New Zealand

People are spending more online to rent a taxi, or a house for a night, and less on in-car satellite navigation and DVDs, Stats NZ said today. As a result of these changes in technology, the consumers price index (CPI) basket of goods and services … Read more »

Auckland home consents hit 15-year high

Press Release – Statistics New Zealand

The number of new homes consented in Auckland hit a 15-year high of 1,450 in November 2017, boosted by apartments, Stats NZ said today. Read more »

Softwood log exports hit new record, worrying processors

Article – BusinessDesk

Jan. 11 (BusinessDesk) – New Zealand log exports hit a new record last year, underscoring the concerns of local manufacturers that the country is sending too many unprocessed logs overseas, posing a threat for local timber supply in the future and undermining … Read more »

Global Economy to Edge Up to 3.1 percent in 2018

Press Release – World Bank

Global Economy to Edge Up to 3.1 percent in 2018 but Future Potential Growth a Concern Read more »

2018 a consolidation year, says real estate leader

Press Release – Century 21 Real Estate

Real estate in 2018 will be steady with plenty of opportunities out there for both sellers and buyers alike. This year will mark the return of a more normalised market showing greater realism and genuine sustainability than the crazy days of … Read more »

NZD slips against USD as US bond yields near 10-mth high

Article – BusinessDesk

Paul McBeth The New Zealand dollar dipped against the greenback as rising yields on US government bonds stoked demand for the world’s reserve currency, after traders were spooked by the Bank of Japan trimming its bond purchases yesterday. Read more »

MyFarm sees dairy farm investments waning

Article – BusinessDesk

Jan. 9 (BusinessDesk) – MyFarm Investments, New Zealand’s largest rural investment syndicator, is moving its focus away from its dairy farming origins and expects future growth to come from smaller overlooked investments such as fruit. Read more »

2017 Fourth Record Year in Row for New Vehicle Registrations

Press Release – Motor Industry Association

David Crawford, Chief Executive Officer of the Motor Industry Association says, a continued robust tourism sector, which in turn drove healthy sales of rental vehicles, helped to make the month of December the strongest on record with 11,570 new vehicle … Read more »

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