Bite-sized video updates on the New Zealand economy and markets.
Chief Economist Dominick Stephens presents economic insights in this two-minute weekly video.
Consumer confidence rose modestly in the latest quarter, largely due to a relief bounce in the rural regions.
This week there was a sharp reversal in the fortnightly global dairy auction. Consequently, we have lowered our forecast of farm-gate milk payouts for this season and next.
The RBNZ has once-again made it crystal-clear that it doesn't intend to change the OCR this year. And it has hinted that it plans to deal with rising house prices by restricting mortgage lending to property investors.
New home building has seen a healthy increase over the last year. But is the momentum waning, just when it's most needed?
Chief Economist Dominick Stephens presents economic insights in this bite-sized monthly video updates.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
Dry weather remains the biggest consideration for the farming sector. Dairy prices have benefitted to some degree, but beef and lamb prices have suffered.
The hot, dry summer is going to hit rural economies hard. But prices will respond to this change in supply conditions... creating a double-whammy for sheep farms, and a silver lining for dairy.
Dairy prices have plunged this year, beef prices have soared, and most other commodity exports have seen modest price gains.
World dairy prices may have stabilised at low levels. But any substantial improvement in prices next year will require a moderation in global milk production.
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