Kim Mundy
It's a line ball call whether GDP figures out in the coming week will reveal the country still to be in recession or not. But whatever the outcome, economists don't see a particularly rosy path for the economy in the immediate future
16th Jun 24, 6:30am
85
It's a line ball call whether GDP figures out in the coming week will reveal the country still to be in recession or not. But whatever the outcome, economists don't see a particularly rosy path for the economy in the immediate future
It's official: The wallets are being slammed shut. Electronic card transactions data from Statistics NZ shows that retail sales figures - which are not adjusted for inflation - are below the levels of a year ago
13th Jun 24, 11:53am
89
It's official: The wallets are being slammed shut. Electronic card transactions data from Statistics NZ shows that retail sales figures - which are not adjusted for inflation - are below the levels of a year ago
ASB survey shows more people are expecting interest rates to fall but they remain uncertain about prices and whether it's a good time to buy
29th May 24, 5:00am
40
ASB survey shows more people are expecting interest rates to fall but they remain uncertain about prices and whether it's a good time to buy
[updated]
Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
23rd May 24, 12:16pm
10
Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023
Statistics NZ says food prices rose 0.6% in April, while international airfares surged 7.2% and rentals continued to rise strongly
13th May 24, 11:29am
41
Statistics NZ says food prices rose 0.6% in April, while international airfares surged 7.2% and rentals continued to rise strongly
There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
17th Apr 24, 4:01pm
18
There weren't too many surprises in the new inflation figures out of Statistics NZ, but there’s enough in the data to keep the RBNZ nervous
The last time NZers were this confident house prices would increase was just before the last housing market slump
7th Mar 24, 6:56am
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The last time NZers were this confident house prices would increase was just before the last housing market slump
With new figures this week likely to show our inflation rate falling meaningfully, economists are nevertheless concerned about the potential for for further inflationary disruptions
22nd Jan 24, 3:05pm
4
With new figures this week likely to show our inflation rate falling meaningfully, economists are nevertheless concerned about the potential for for further inflationary disruptions
Stats NZ figures show that retail card spending fell a seasonally-adjusted 2.0% in December
17th Jan 24, 12:23pm
20
Stats NZ figures show that retail card spending fell a seasonally-adjusted 2.0% in December
[updated]
Stats NZ figures show that total card spending fell by 0.3% in October, while retail spending dropped by 0.7%; 'the softness in spending is notable as it comes as population growth is continuing to surge'
15th Nov 23, 11:16am
32
Stats NZ figures show that total card spending fell by 0.3% in October, while retail spending dropped by 0.7%; 'the softness in spending is notable as it comes as population growth is continuing to surge'
More economists are seeing a likelihood that the Reserve Bank will not start cutting the Official Cash Rate till 2025
9th Oct 23, 2:36pm
15
More economists are seeing a likelihood that the Reserve Bank will not start cutting the Official Cash Rate till 2025
[updated]
Stats NZ figures show that total card spending rose by 0.9% in August, reversing a drop of the same magnitude in July. However, spending on consumable and durable goods was down
12th Sep 23, 11:20am
4
Stats NZ figures show that total card spending rose by 0.9% in August, reversing a drop of the same magnitude in July. However, spending on consumable and durable goods was down
'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
29th Aug 23, 11:37am
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'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
[updated]
Stats NZ figures show that retail sales volumes have fallen for a third quarter in a row, with figures only propped up somewhat by a surge in motor vehicle sales to beat changes to the Clean Car Discount Scheme
23rd Aug 23, 11:28am
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Stats NZ figures show that retail sales volumes have fallen for a third quarter in a row, with figures only propped up somewhat by a surge in motor vehicle sales to beat changes to the Clean Car Discount Scheme
[updated]
Stats NZ figures show that total card spending fell by 0.9% in July, reversing some of the gains made in June when there was a rush of fuel spending to beat the excise duty rise
9th Aug 23, 11:30am
14
Stats NZ figures show that total card spending fell by 0.9% in July, reversing some of the gains made in June when there was a rush of fuel spending to beat the excise duty rise
[updated]
Stats NZ figures show that total card spending fell by 1.9% in May, with only one industry seeing a rise; spending 'much weaker than expected' in the month; consumer spending likely to 'remain soggy' over the second half of the year
12th Jun 23, 11:23am
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Stats NZ figures show that total card spending fell by 1.9% in May, with only one industry seeing a rise; spending 'much weaker than expected' in the month; consumer spending likely to 'remain soggy' over the second half of the year
[updated]
Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter
24th May 23, 11:45am
20
Stats NZ says decreased volumes in hardware and vehicle retailing helped drive a fall in total retail sales in the March 2023 quarter
[updated]
Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March
9th May 23, 11:13am
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Stats NZ figures show that total card spending rose 1% after seasonal adjustment in April, following a big 3.1% rise in March
Latest Reserve Bank monthly figures show first home buyers getting a record high share of new mortgage money last month
29th Jan 19, 3:50pm
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Latest Reserve Bank monthly figures show first home buyers getting a record high share of new mortgage money last month
No major surprises as inflation rises 0.1% in Dec quarter and 1.9% in year to Dec; Economists' OCR outlooks differ but remain unchanged
23rd Jan 19, 11:00am
22
No major surprises as inflation rises 0.1% in Dec quarter and 1.9% in year to Dec; Economists' OCR outlooks differ but remain unchanged
REINZ highlights 'extremely quiet' December with lowest nationwide house sales volumes in seven years, national median price rises 1.5%
17th Jan 19, 9:26am
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REINZ highlights 'extremely quiet' December with lowest nationwide house sales volumes in seven years, national median price rises 1.5%
Latest Reserve Bank monthly figures show the share of borrowing by the housing investor is continuing to drop sharply to new lows
20th Dec 18, 3:30pm
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Latest Reserve Bank monthly figures show the share of borrowing by the housing investor is continuing to drop sharply to new lows
Stats NZ says prices rose 0.9% in the September quarter, giving an annual inflation rate of 1.9%; economists expected just a 0.7% quarterly rise
16th Oct 18, 10:59am
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Stats NZ says prices rose 0.9% in the September quarter, giving an annual inflation rate of 1.9%; economists expected just a 0.7% quarterly rise
We face the apparently contradictory situation in which inflation is strongly rising and yet the Reserve Bank will keep the possibility of interest rate cuts on the table
15th Oct 18, 11:44am
23
We face the apparently contradictory situation in which inflation is strongly rising and yet the Reserve Bank will keep the possibility of interest rate cuts on the table
Reserve Bank data shows non-bank financial institutions growing housing and consumer lending strongly
2nd Oct 18, 2:12pm
10
Reserve Bank data shows non-bank financial institutions growing housing and consumer lending strongly