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BNZ - Latest News [Page 49]
Retail Spending Receives Americas Cup Boost
Tuesday, 8 April 2003, 12:36 am | BNZ Weekly
For those without economics degrees this is a simple guide to something significant which happened in the world of economics today that has relevance to the person on the street. More >>
NZ Growth To Slow Down - BNZ Weekly Overview
Thursday, 3 April 2003, 9:14 am | Bank of New Zealand
The view we have held for a long time now has been that the strong growth in the NZ economy achieved over 2002 would not be sustained over 2003. Our expectation has been for growth slowing from the officially reported 4.4% over 2002 to about 2.5% ... More >>
Yet Another Electricity Crisis
Friday, 28 March 2003, 9:43 am | BNZ Weekly
The chances are everyone is reading more than enough about the war in Iraq at the moment, the uncertainty about the timing of its ending and the impact on the world economy. So in the presence of so much uncertainty lets have a look at what was always ... More >>
NZ Growth Was Strong – But Big Slowdown Ahead
Friday, 28 March 2003, 12:54 am | BNZ Weekly
Statistics NZ released data showing the NZ economy officially grew by 0.8% during the December quarter which is right on the long term average growth of 0.8% per quarter. In the entire 2002 year growth was 4.4% versus a ten year average of 3.5%. Growth ... More >>
Interest Rates Jump Up
Monday, 24 March 2003, 8:21 am | BNZ Weekly
This week’s WO is shorter than usual for three reasons. One, at the time of writing this on Thursday afternoon we still did not know if war had started as such. Two, we’ve been busy with lots of work on. Three, its hard to say anything in the current ... More >>
World Growth Prospects Still Dimming
Monday, 17 March 2003, 2:15 pm | Bank of New Zealand
Consensus Economics based in London released the results of their monthly survey of a few hundred economists around the world on how they feel their economies will grow. On average this year our top 14 trading partners are expected to grow 2.7% ... More >>
World Growth Prospects Dimming
Friday, 14 March 2003, 8:59 am | BNZ Weekly
In a few days time we will get updated forecasts for growth in our top 14 trading partners from the Consensus Economics regular survey of a few hundred economists around the world. Given some of the data released overseas in the past few weeks ... More >>
Retail Trade Sector Weakening
Tuesday, 11 March 2003, 11:54 am | BNZ Weekly
Statistics New Zealand released monthly data showing sales by various types of shops and an overall retail sales number. The data can be highly volatile on a monthly basis and at the regional level not reliable at all for just one month. The quarterly ... More >>
Should You Hedge Against A Rising NZD?
Friday, 7 March 2003, 8:50 am | BNZ Weekly
The NZ dollar has risen some 31% against the US dollar over the past year and 12% against the Australian dollar. Now that this big move has occurred exporters are asking whether they should hedge against further rises. This follows the emotive ... More >>
No Interest Rate Yet - Laymans Guide To MPS
Thursday, 6 March 2003, 9:40 am | Bank of New Zealand
For those without economics degrees this is a simple guide to something significant which happened in the world of economics today that has relevance to the person on the street. More >>
Migration Bounces Back Up Again
Monday, 3 March 2003, 11:53 am | BNZ Weekly
Monthly data on migration flows and tourism numbers were released by Statistics NZ. The past few months have been showing a steady slowing in the pace of rise in the net addition to our population from migrant flows, leading to forecasts of falling ... More >>
War Uncertainty
Friday, 28 February 2003, 9:09 am | BNZ Weekly
This Wednesday the NZ Treasury released a seven page briefing to the Finance Minister on the impact on the New Zealand economy of the Iraqi conflict. Unsurprisingly given the massive uncertainties involved they reached no firm conclusions beyond a simple ... More >>
BNZ Layman's Guide - House Building Gets Stronger
Thursday, 27 February 2003, 1:27 pm | Bank of New Zealand
For those without economics degrees this is a simple guide to something significant which happened in the world of economics today that has relevance to the person on the street. More >>
Slowdown But Not A Recession - BNZ Weekly Overview
Friday, 21 February 2003, 9:20 am | Bank of New Zealand
Headline article from the BNZ Weekly Overview of February 20. Slowdown But Not A Recession More >>
House Prices Rise Above Trend
Tuesday, 18 February 2003, 11:31 am | BNZ Weekly
Quotable Value NZ released quarterly provisional data on house prices around New Zealand. They showed that average prices rose 2.4% during the December quarter after gaining 3.0% in the September quarter and now lie 10.4% ahead of a year ago. Last ... More >>
State Of The Labour Market
Friday, 14 February 2003, 9:31 am | BNZ Weekly
State Of The Labour Market Our key theme for a couple of years now has been that businesses planning expansion are going to have to give greater priority to capital expenditure and boosting productivity than hiring more people. This is because the ... More >>
Retail Spending Strong Last Year
Thursday, 13 February 2003, 2:48 pm | BNZ Weekly
Statistics NZ released December quarter data on retail spending. They showed that excluding the volatile automotives sector which we economists tend to strip out, and removing price changes, sales rose by a strong 1.5% to be 6.3% higher than a ... More >>
Unemployment Rate Hits 15 Year Low
Tuesday, 11 February 2003, 12:14 am | BNZ Weekly
Statistics NZ released their December quarterly data on the NZ labour market. This is the most comprehensive view of employment and unemployment available with internationally comparable data. Key results from today’s release included the following – all adjusted ... More >>
Retail Spending Prospects
Friday, 7 February 2003, 9:36 am | BNZ Weekly
Next Thursday we will get full retail data for the December quarter, but what we have so far reveals that retailers had a fairly good time during 2002. In the September quarter the volume of retail sales excluding the usually volatile automotives sector ... More >>
Net Migration Peaks, Tourism Grows At Trend
Tuesday, 4 February 2003, 1:55 pm | BNZ Weekly
Monthly data were released by Statistics NZ showing the number of people migrating in and out of NZ plus tourist flows in and out. The main interesting bits in today’s release which applied to December and therefore give a complete 2002 picture were ... More >>
