Return to fiscal surplus delayed again

Westpac New Zealand’s data on spending via Westpac issued debit and credit card…

02 Apr 2024 Weekly Commentary

Down but not out

The domestic focus for markets last week was the release of the admittedly dated…

25 Mar 2024 Weekly Commentary

It’s a long, long road

Last week’s data was another mixed bag in terms of gauging the direction of the New Zealand...

18 Mar 2024 Weekly Commentary

NZ inflation update, March 2024

We have revised up our forecast for New Zealand March quarter inflation slightly…

13 Mar 2024 Economic data and RBNZ

NZ GDP preview, Q4 2023

We estimate that GDP was flat in the December 2023 quarter. This is in…

11 Mar 2024 Economic data and RBNZ

Fiscal pressures and construction crunch

This week’s data on the tax take and construction highlighted the economy’s weak…

11 Mar 2024 Weekly Commentary

NZ Dairy Update

Dairy prices pulled back modestly by 2.3% in today’s auction…

06 Mar 2024 Agri

Steady as she goes

The key event in New Zealand last week was the RBNZ’s OCR decision and accompanying...

04 Mar 2024 Weekly Commentary

Review of RBNZ Monetary Policy Statement, Feb 2024

The RBNZ left the OCR at 5.5%. The forward profile was lowered, and now implies…

28 Feb 2024 Economic data and RBNZ

Retail Spending Pulse

New Zealanders have become increasingly cautious about their spending…

27 Feb 2024 Economic data and RBNZ

What we are looking for in the Monetary Policy Statement

This week’s Monetary Policy Statement could be the most contentious in a while…

26 Feb 2024 Economic data and RBNZ

Staying the course

Last week we published our first Economic Overview for 2024, which we have titled...

26 Feb 2024 Weekly Commentary