Bite-sized video updates on the New Zealand economy and markets.
Chief Economist Dominick Stephens presents economic insights in this two-minute weekly video.
Another weak dairy auction result has prompted us to lower our milk price forecasts. Meanwhile, a Reserve Bank speech on Auckland's turbo-charged housing market supports our view that more macro-prudential restrictions are coming.
We are fast approaching the peak pace of construction work in Canterbury... when the pace of building activity starts to ease off, economic growth will slow.
The number of businesses saying they intend to lift prices is an argument against OCR cuts. Meanwhile, the building industry looks as though it is reaching capacity constraints, spelling price rises ahead.
Consumer confidence rose modestly in the latest quarter, largely due to a relief bounce in the rural regions.
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.
It looks as though the summer drought had a less severe impact on the rural economy than initially feared... but as drought fears have subsided, dairy prices have come under renewed downward pressure.
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.
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.