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BNZ - Latest News [Page 50]
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 >>
Farmer Spending Eases: Article from BNZ Weekly
Friday, 31 January 2003, 9:29 am | BNZ Weekly
In New Zealand you don’t tend to see us economists writing very often about specific sectors. That’s partly because we are so busy with the overall macro picture that we don’t have time for the individual components. It also reflects the difficulties ... More >>
BNZ Layperson's Guide to the economy
Friday, 31 January 2003, 12:35 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 >>
Business Pessimism Grows - BNZ Weekly Overview
Friday, 24 January 2003, 9:55 am | Bank of New Zealand
Apart from further appreciation in the NZD over the past week and more titbits of information coming out of Iraq, the two main points of interest for us economists this week were Tuesday’s release of the NZIER’s Quarterly Survey of Business Opinion ... More >>
Negatives To Dominate This Year
Friday, 17 January 2003, 9:05 am | BNZ Weekly
Headline article from the BNZ Weekly Overview of January 16 - A few people have been asking when the first issue of the Weekly Overview for 2003 will appear so to satisfy those eager beavers here it is. As a trial we will be releasing the WO on Thursday ... More >>
NZD Finally Gets Comfortable Over 50 Cents
Tuesday, 17 December 2002, 11:05 am | Bank of New Zealand
News of the week has to be the rise in the NZD to over US 51 cents and almost 91 cents against the Australian dollar. First, why has the NZD been rising since early this year and second, why this most recent push upward? More >>
Overseas Influences On Our Economy
Thursday, 5 December 2002, 10:07 pm | Bank of New Zealand
We enter 2003 in a continuing state of uncertainty about how our largely robust domestic economy will be buffeted or boosted by events offshore. Three key routes by which develops offshore influence us are canvassed here. More >>
NZ Fundamentals Okay – Provided World Recovers
Monday, 2 December 2002, 9:44 am | Bank of New Zealand
In theory all the bad news we have been receiving from overseas in the past few months should not just have depressed business and consumer confidence as we saw in the middle of this year. We should still be in that depressed state given 40% of our ... More >>
Staggering Apartment Boom
Thursday, 28 November 2002, 8:33 am | Bank of New Zealand
Statistics New Zealand released monthly data showing the number of consents issued for the construction of dwellings around New Zealand. During October the number of apartment consents sky-rocketed to 1,526 from 485 in September. This was a record ... More >>
Household Debt Levels Take Off
Tuesday, 26 November 2002, 3:53 pm | Bank of New Zealand
The Reserve Bank released monthly data on lending to the business, rural and household sectors. In October debt outstanding to the business sector was up 1.1% from a year ago from 0.1% growth in September and 5.6% a year earlier. We economists tend not ... More >>
