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Friday 26 April 2024

Economy

Pathways to Prosperity: NZ export growth hamstrung by risk aversion, lack of investment 17th April 2024 /

Pathways to Prosperity: NZ export growth hamstrung by risk aversion, lack of investment

NZ should become a nation of ‘mini-multinationals’ to help drive exports, according to a new report.


Pathways to Prosperity: NZ has no leverage as commoditised B2B exporter – Paul Polman 17th April 2024 /

Pathways to Prosperity: NZ has no leverage as commoditised B2B exporter – Paul Polman

Aotearoa’s food and fibre sector is hitting well below its potential, according to the former boss of global FMCG giant Unilever, Paul Polman.


Recession no surprise – EMA 22nd March 2024 /

Recession no surprise – EMA

It is no surprise that the economy entered recession in Q4 2023 given the difficult economic environment facing businesses, says the Employers and Manufacturer’s Association.


Weak F&B wholesale drags NZ into recession 21st March 2024 /

Weak F&B wholesale drags NZ into recession

Seasonally adjusted gross domestic product fell 0.1% in the three months ended December, according to Stats NZ, driven by weak consumer spending and wholesale trade.


CPI: Inflation at slowest rate in more than two years 24th January 2024 /

CPI: Inflation at slowest rate in more than two years

Inflation has slowed to its lowest level in more than two years, according to the latest Consumer Price Index, which was up 0.5% in the December quarter, putting annual inflation at 4.7%.


Weather, commodities downturn weighing unevenly on regions – Westpac 11th October 2023 /

Weather, commodities downturn weighing unevenly on regions – Westpac

Rural-focused New Zealand is suffering from a downturn in commodity prices and the severe weather earlier in the year, however, the impacts are not being felt evenly, according to Westpac.


PREFU notes “highly uncertain” China outlook for exporters… 13th September 2023 /

PREFU notes “highly uncertain” China outlook for exporters…

The outlook for growth from New Zealand’s biggest export market looks “highly uncertain”, according to the government’s Pre-election Economic and Fiscal Update 2023.


The four reasons NZ’s economic slowdown is moderating – Treasury’s Dominick Stephens 4th July 2023 /

The four reasons NZ’s economic slowdown is moderating – Treasury’s Dominick Stephens

The repairs following the summer storms and tourism recovering much faster than expected are among the four reasons New Zealand’s economic slowdown is not as bad as expected, says Dominick Stephens.


NZ falls into recession, govt cites growing exports as positive sign 16th June 2023 /

NZ falls into recession, govt cites growing exports as positive sign

The New Zealand economy entered a technical recession in the three months to March 2023, marked by a second consecutive quarter of negative growth with a 0.1% drop in GDP.


Greedflation not a thing in NZ – report 14th June 2023 /

Greedflation not a thing in NZ – report

New research into increasing costs show that while the price of goods and services have increased across the board, inflated profits are not the driving force in New Zealand.


Softening demand overtakes labour shortages as top business pressure – NZIER 31st May 2023

Softening demand overtakes labour shortages as top business pressure – NZIER

Softer demand has supplanted finding labour as the top primary constraint for businesses surveyed in the New Zealand Institute of Economic Research Quarterly Survey of Business Opinion.


No NZ recession in Q1, but cyclone hurts hort regions – Infometrics 16th May 2023 /

No NZ recession in Q1, but cyclone hurts hort regions – Infometrics

New Zealand appears to have avoided a recession in the first quarter with Infometrics’ March 2023 Quarterly Economic Monitor showing a 2.7%pa rise in provisional economic activity.


Staff shortages, rising costs, weather impacts hurting business confidence – survey 4th May 2023

Staff shortages, rising costs, weather impacts hurting business confidence – survey

New Zealand businesses are continuing to feel pessimistic about the state of the economy, according to the latest business confidence survey conducted by the Auckland Business Chamber.


Reduced food output contributes to GDP drop – Stats NZ 16th March 2023

Reduced food output contributes to GDP drop – Stats NZ

Gross domestic product (GDP) fell 0.6% in the December 2022 quarter, following a 1.7% rise in the September 2022 quarter, according to quarterly figures released by Stats NZ.


…as consumers continue to cut back to battle inflation 14th March 2023 /

…as consumers continue to cut back to battle inflation

Consumers are continuing to change shopping habits to make their grocery budget go further, according to  Foodstuffs’ latest Customer Insights Survey.


Rising costs, no investment, poor outlook force Kiwi F&B startups to close 27th January 2023 /

Rising costs, no investment, poor outlook force Kiwi F&B startups to close

A difficult environment with little respite ahead in 2023 prompts some F&B founders to cut their losses.


Business confidence tanks, retail downbeat – NZIER 18th January 2023 /

Business confidence tanks, retail downbeat – NZIER

There has been a sharp deterioration in business sentiment and activity, according to the latest NZIER Quarterly Survey of Business Opinion.


GDP up 2% in Q3 supported by dairy, meat 16th December 2022

GDP up 2% in Q3 supported by dairy, meat

Gross domestic product rose by 2% in the September 2022 quarter compared with Q2, according to Stats NZ, and it was accompanied by a revision upwards for the June 2022 quarter from 1.7% to 1.9%.


Worst still to come on inflation – business survey 19th October 2022

Worst still to come on inflation – business survey

Nearly 80% of businesses expect inflationary pressures to get worse over the next year, the latest Central New Zealand Business Confidence Survey has found.


Export volumes in for two years of constrained growth – Informetrics 14th October 2022 /

Export volumes in for two years of constrained growth – Informetrics

Export incomes are under pressure from weaker global demand and falling commodity prices, but volumes are on track to recover from their current constrained level according to Infometrics’ latest forecasts.


F&B exports help economy rebound 15th September 2022 /

F&B exports help economy rebound

Gross domestic product rose by 1.7% in the June 2022 quarter, following a 0.2% fall in the preceding March quarter, Stats NZ said.


Westpac sees food producing rural regions outperforming 17th June 2022 /

Westpac sees food producing rural regions outperforming

With agricultural incomes set to remain firm, regions with a food-producing rural backbone should continue to outperform their big city counterparts, according to Westpac’s latest Regional Roundup.


Rising grocery prices add to cost of living worries – Westpac 12th April 2022

Rising grocery prices add to cost of living worries – Westpac

Some 90% of Kiwis surveyed have reported rising fuel and grocery prices are affecting their households, according to Westpac.


Eating out helps out – GDP up 1.6% in Q1 18th June 2021 /

Eating out helps out – GDP up 1.6% in Q1

Gross domestic product rose by 1.6% in the March 2021 quarter, with increased spending on eating out, accommodation and big ticket items.


Primary sector economies take top spots – ASB regional rankings 30th March 2021 /

Primary sector economies take top spots – ASB regional rankings

The bank described the December 2020 quarter results as a tale of two islands as the north continued to outperform the south.


Spirulina farm funding lays foundation for $100m sector 27th November 2020 /

Spirulina farm funding lays foundation for $100m sector

A two-year project will look at the viability of the industry, worth more than $100m to NZ a year.