Bite-sized video updates on the New Zealand economy and markets.
Chief Economist Dominick Stephens presents economic insights in this two-minute weekly video.
This week we take a quick look at what the UK referendum on exiting the European Union might mean for the New Zealand economy.
Net migration has probably passed its peak, but population growth does remain high. The economy may be growing, but per capita GDP growth is actually very low. Unsurprisingly, households are not too impressed by that, and consumer confidence fell again over the past quarter.
The latest GDP data show that key export sectors are struggling, while the domestic economy is being buoyed by population growth and rising house prices.
The Reserve Bank held fire this week, and kept the OCR unchanged. We expect an OCR reduction in August, depending on the data between now and then.
We hope you find these updates helpful in shaping a view of what's in store for you beyond the farm gate.
This month we take a quick look at what the UK referendum on exiting the European Union might mean for New Zealand farmers.
The past month has seen some relief from relentlessly low global commodity prices, supporting our view that Fonterra's opening forecast for this season's farmgate milk price was too pessimistic.
Global commodity prices and the exchange rate have been more stable over the past month, but rural NZ is still enduring adverse conditions. That said, regional economies are not feeling the pinch like you might have expected.
Global economic sentiment has improved over the past month, but that is not translating into much joy for New Zealand's key exporters.
After a rough start to the year for many parts of the agricultural sector, developments in the last month have been a little more mixed.
All opinions, statements and analysis expressed are based on information current at the time of writing from sources which Westpac believes to be authentic and reliable. Westpac issues no invitation to anyone to rely on this information current t time of writing and intends by this statement to exclude liability, to the extent permitted by law, for any such opinion, statement and analysis. The content of this material is a guide only. It does not take into account your personal financial situation and goals. You should obtain independent professional advice.