Business Scoop


Current account deficit unchanged at $2.5 billion

Press Release – Statistics New Zealand

New Zealand’s seasonally adjusted current account deficit was $2.5 billion in the December 2018 quarter, Stats NZ said today. Read more »

Otago tops regional GDP increases

Press Release – Statistics New Zealand

For the first time, Otagos percentage increase in nominal gross domestic product (GDP) was the highest of all the regions, Stats NZ said today. Read more »

Total international travellers pass 14 million

Press Release – Statistics New Zealand

Annual total traveller movements across New Zealands border reached 14 million for the first time in the year ended January 2019, Stats NZ said today. Read more »

Net migration provisionally at 58,400

Press Release – Statistics New Zealand

Migrant arrivals were provisionally estimated at 151,600 ( 1,500) and migrant departures at 93,200 ( 1,100) in the 12 months ended January 2019, Stats NZ said today. This resulted in a provisional estimate of annual net migration of 58,400 ( 1,600). Read more »

House price growth sentiment positive despite CGT proposal

Press Release – Colliers International

Residential property price growth expectations remain broadly positive despite the Tax Working Groups proposal for a wide-ranging capital gains tax, new Colliers International research shows. Read more »

XE Weekly FX Technical Report

Press Release –

NZD/USD Last Price: 0.6847 Daily: Gradually narrowing NZD range either side of 0.6800 Weekly: Consolidative mode with market focus elsewhere Support 1: 0.6690/00 Support2: 0.6595/05 Resistance1: 0.6900/10 Resistance2: 0.6995/05 Read more »

Guest nights flat in January

Press Release – Statistics New Zealand

The total number of guest nights spent in hotels, motels, backpackers, and holiday parks in January 2019 was almost identical to January 2018, Stats NZ said today. Read more »

Rent pain continues for tenants in student towns

Press Release – Trademe

Tenants looking for a rental property in New Zealands student towns are facing high rents and stiff competition according to the latest Trade Me Property Rental Index. Read more »

House prices rose in February but sales volumes fell 9.5%

Article – BusinessDesk

March 13 (BusinessDesk) – House prices rose in most parts of the country except in Otago and Southland in February but the number of residential properties sold in the month fell 9.5 percent in what is normally a month of strong activity. Read more »

Butter prices go into meltdown

Press Release – Statistics New Zealand

Butter prices fell 10 percent in February 2019 to a 19-month low, Stats NZ said today. Read more »

Latest OIA statistics released

Press Release – State Services Commission

State Services Commissioner Peter Hughes today released the Official Information Statistics for the six months to December 2018 Read more »

Kiwis buying more expensive phones, how much is too much?

Press Release – IDC New Zealand Ltd

Low end mobile phones on the way out in 2019, kiwis are opting for more expensive devices, according to the latest report from IDC New Zealand. Read more »

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