Economy
Cracker January for accommodation sector
Hotels and holiday parks enjoyed a bumper January with the overall accommodation sector handling a record 4.4 million guest nights in the month, with a strong rebound in foreign tourist numbers.
Retail sales recover in January
Following a disappointing Christmas for retailers, the month of January showed a national pickup with the total retail sales trend continuing to rise.
House prices inch higher
House prices nudged up slightly in February, rising by 0.4 per cent according to the Real Estate Institute's house price index.
Interest rates to rise 3pc by 2012 says economist
House buyers on floating mortgage rates should plan for interest rates to rise about 3 per cent to about 8.6 per cent or higher by early 2012 according to a leading economist.
Manufacturing picks ups
Manufacturing showed signs of slow and steady improvement last month, with the latest BNZ-Business NZ performance of manufacturing index (PMI) indicating a continuing rise in new orders.
Grocery prices fall in February
Food prices fell 1.3 per cent in February, with prices for fruit and vegetables, meat and fish, and groceries all falling from January.
Terms of trade up in December quarter
New Zealand's terms of trade rose an unexpectedly strong 5.7 per cent in the December quarter, as dairy product export prices went up despite a rising currency pushing down export and import prices.
Prepare for next economic crisis - IMF
The world needs to prepare for the next economic crisis, even as it begins to recover from the worst recession since the Great Depression, the head of the International Monetary Fund said on Tuesday.
Meat and dairy boost manufacturing sales
Manufacturing sales volumes rose a seasonally adjusted 3.1 per cent in the December quarter, led by meat and dairy and other food-related industries.
Residential building picks up
The seasonally adjusted volume of residential building activity rose 7.4 per cent in the December quarter, while non-residential volume fell 6.1 percent.
Recent Headlines
- House values grow at slower pace
- Govt prepares for 'disciplined' budget
- House prices up 3.2 per cent
- US consumer spending increases
- Commodities hit 18-month high
- Annual migration rate climbs
- Economy recovery will be 'jagged'
- Trade surplus recorded
- Building consents fall
- Weak US data raises worries about recovery
- Housing confidence tarnished
- Bank taxes boost Government coffers
- Low farms sales 'alarming'
- Wool industry in 'perilous' state
- Order books point to home building rebound
- Meat and farm prices drive PPI
- CGPI down 0.2pc
- Landlords face tougher times
- Survey shows GST rise opposition
- Stores fear repricing nightmare
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- House prices inch higher
- Interest rates to rise 3pc by 2012 says economist
- NZ dollar drifts and ends at US70c
- Cracker January for accommodation sector
- Banks accused of profit gouging
- Huljich fund gives clients exit offer
- Retail sales recover in January
- NZ dollar slips after rates announcement
- Infratil to keep Shell branding
- Methanex aims to join NZ's gas exploration project
