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 »

NZ economy grows more than expected in 3rd qtr

Article – BusinessDesk

Dec. 22 (BusinessDesk) – New Zealand’s economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport … Read more »

Solid growth for NZ despite fragile world economy

Press Release – New Zealand Government

The New Zealand economy continued to grow solidly in the September quarter, posting a higher than expected 1.1 per cent growth rate for the quarter and 3.5 per cent over the last year, Finance Minister Steven Joyce says. Read more »

Banking sector funds current account deficit

Press Release – Statistics New Zealand

New Zealands seasonally adjusted current account deficit increased to $1.9 billion in the September 2016 quarter, Statistics New Zealand said today. This is a small increase from the June quarter deficit of $1.8 billion and was funded by the banking … Read more »

GDP strengthens in September quarter

Press Release – Statistics New Zealand

Gross domestic product rose 1.1 percent in the September 2016 quarter, following an increase of 0.7 percent (revised) in the June 2016 quarter, Statistics New Zealand said today. Read more »

NZ dollar little changed as greenback momentum slows

Article – BusinessDesk

Dec. 21 (BusinessDesk) – The New Zealand dollar was little changed as the greenback lost some of its lustre in the Asian trading session, having touched a six-month low on a dip in dairy prices. Read more »

NZ trade deficit narrows in November

Article – BusinessDesk

Dec. 21 (BusinessDesk) – New Zealand’s monthly trade deficit narrowed in November as imports declined from earlier periods which were boosted by aircraft arrivals. Read more »

Kiwi Workers Missing Out as Migration Sets New Record

Press Release – New Zealand First Party

Seven thousand nurses have been given working visas in the past seven years under the National government while Kiwi-trained nurses cant get jobs, says New Zealand First. Read more »

Survey: Hutt Valley business confidence positive

Press Release – Hutt Valley Chamber of Commerce

Hutt Valley business confidence in New Zealands economy remains positive according to the latest Hutt Valley Chamber of Commerce Business Confidence Survey, sponsored by Red Hot Business Coaching. Read more »

Top 10 market predictions for 2017

Press Release – Colliers International

Some of this will be due to better than forecast employment figures and export opportunities, but also due to rebuild requirements from the latest series of earthquake damages. Early estimates suggest around $2 billion to $5 billion will need to be spent … Read more »

Out-of-Town Vacations Fire Up Local Economies

Press Release – APEC Secretariat

Tourism is a major income generator in the Asia-Pacific region and arrivals have more than doubled in the past two decades. An unexpected group stands to gain most, however, in the success of this consistently growing sector. Read more »

Sheep and beef industry confidence – a tale of two species

Press Release – Beef And Lamb NZ

While overall sheep and beef farmer confidence in their industry has taken a dip in the last four months, there is a solid core that remains upbeat about the future. Read more »

NZ dollar falls to six-month low before dairy auction

Article – BusinessDesk

NZ dollar falls to six-month low before dairy auction; Yellen upbeat on US labour market Read more »

NZ economy shaken but not stirred

Press Release – BusinessNZ

The New Zealand economy continues to prosper with nearly all key indicators pointing to respectable annual growth of around 3.5 percent, according to the BusinessNZ Planning Forecast . Read more »

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