New Zealand in technical recession as Q4 GDP contracts -0.1% qoq
New Zealand’s economy has officially entered technical recession, with GDP contracting by -0.1% qoq in […]
First Impressions: NZ GDP, December quarter 2023
GDP contracted by 0.1% in the December quarter, slightly softer than Westpac and RBNZ estimates. […]
New Zealand Westpac consumer confidence rises to 93.2 in Q1, yet pessimism lingers
New Zealand Westpac Consumer Confidence rose from 88.9 to 93.2 in Q1, marking its highest […]
NZ BNZ services rises to 53.0, signs of early and strong growth emerge
New Zealand’s BusinessNZ Performance of Services Index climbed from 52.2 to 53.0 in February, marking […]
Dollar Rises on Fed Reassessment, But Reversal Pending Confirmation
Dollar ended the week as the strongest currency, boosted by the fresh round of inflation […]
Week Ahead – Five Central Banks: Who Will Hike, Who Will Not Cut?
Fed meets on Wednesday with focus on new dot plot Will the Bank of Japan […]
NZ Dollar Extends Losses after Mfg. PMI Contraction
The New Zealand dollar continues to lose ground and has dropped more than 1% since […]
Risks Significantly Tilting to First Fed Rate Cut in September at Earliest
Markets US Treasuries sold off for a third straight session yesterday with eco data strengthening […]
NZ BNZ manufacturing climbs to 49.3, a glimmer of hope in ongoing recession
New Zealand BusinessNZ Performance of Manufacturing Index rose from 47.5 to 49.3 , marking the […]
Fed Chair Has Every Reason to Hold the Line
Markets In the run-up to the release of the US services ISM, (US) equity futures/markets […]
RBNZ’s Conway: OCR to stay restrictive for some time into the future
RBNZ Chief Economist Paul Conway, speaking at a webinar today, noted that emphasizing the contractionary […]
New Zealand’s goods exports rises 16% yoy in Feb, imports up 3.3% yoy
In February, New Zealand’s goods exports leaped by 16% yoy to NZD 5.9B. This surge […]