Australia & New Zealand Chart Pack Growth to remain subdued in Australia While GDP growth in both Australia and New Zealand in the first quarter was weaker than most had anticipated, this was partly the result of temporary factors that will fade. Nonetheless, while the... 29th June 2017 · 1 min read
Australia & New Zealand Economics Update New Zealand Activity Proxy (Apr.) GDP growth was surprisingly weak in the first quarter and the slowdown in our New Zealand Activity Proxy (NZAP) in April suggests activity was subdued at the start of the second quarter too. However... 26th June 2017 · 1 min read
Australia & New Zealand Economics Weekly All Blacks to beat British Lions in economic tests If the relative performance of the economies of New Zealand and the UK/Ireland over the next few years is anything to go by, the All Blacks will beat the British & Irish Lions 2-1 in the rugby test... 23rd June 2017 · 1 min read
Australia & New Zealand Economics Update New Zealand - RBNZ won’t raise rates next year as markets expect The Reserve Bank of New Zealand’s decision to leave interest rates at 1.75% today and repeat its comment that they will stay there for a “considerable period” should prompt the financial markets to... 21st June 2017 · 1 min read
Australia & New Zealand Economics Weekly Energy price hikes pile more pressure on households The utility bills of Australian households won’t rise by as much as the eye-watering 20% figure that has been catching the headlines as not all retailers have raised prices by that much and as prices... 16th June 2017 · 1 min read
RBNZ Watch New Zealand - RBNZ won’t be perturbed by the weak GDP figures Although the first-quarter GDP growth figures were notably weaker than the RBNZ had expected, the Bank will almost certainly keep the official cash rate (OCR) on hold at 1.75% at its monetary policy... 16th June 2017 · 1 min read
Australia & New Zealand Economics Weekly Households getting a smaller share of the pie The share of the national income going to Australian households is at an eight-year low and is within a whisker of a 50-year low. What’s more, households in Australia currently get a smaller share of... 9th June 2017 · 1 min read
Australia & New Zealand Economics Weekly A year of two halves The latest evidence suggests that the Australian economy entered a soft patch in the first half of the year, with the quarterly rate of GDP growth perhaps averaging only 0.3%. As some of this weakness... 26th May 2017 · 1 min read
Australia & New Zealand Chart Pack Household sector is starting to falter There is growing evidence that the household sector in Australia is beginning to struggle as subdued income growth weighs on spending. The sharp slowdown in the growth of retail sales volumes in the... 24th May 2017 · 1 min read
Australia & New Zealand Economics Update New Zealand Activity Proxy (Mar.) The further pick-up in our New Zealand Activity Proxy in March means it is now consistent with the 0.4% q/q increase in real GDP in the fourth quarter being followed by a much more respectable rise of... 22nd May 2017 · 1 min read
Australia & New Zealand Economics Weekly Infrastructure: Don’t believe the hype Australian Treasurer Scott Morrison made a big song and dance about new infrastructure spending in the Federal Budget. But while he shouldn’t be considered a public enemy as some new infrastructure... 12th May 2017 · 1 min read
Australia & New Zealand Economics Update New Zealand - RBNZ wary of raising interest rates too soon The Reserve Bank of New Zealand’s decision to leave interest rates at 1.75% today and signal that it doesn’t expect to raise rates until late 2019 supports our view that the financial markets have got... 11th May 2017 · 1 min read
Australia & New Zealand Economics Weekly An infrastructure Budget would be good for the economy We’re not too keen on the plans of the Australian Treasurer to distinguish “good” debt from “bad” debt in the Federal Budget on Tuesday, but we do like the sound of a budget that is expected to... 5th May 2017 · 1 min read
RBNZ Watch New Zealand - RBNZ’s rate projections may reflect upturn in inflation While the Reserve Bank of New Zealand will almost certainly keep the official cash rate on hold at 1.75% at its policy meeting on Thursday 11 th May, in light of the stronger-than-anticipated first... 4th May 2017 · 1 min read
Australia & New Zealand Data Response New Zealand Labour Market (Q1) While employment growth strengthened in the first quarter and the unemployment rate dropped back below 5.0%, wage growth remained stubbornly low. We believe that wage growth will remained fairly muted... 3rd May 2017 · 1 min read
Australia & New Zealand Chart Pack The inflation worm has turned The recent rises in underlying inflation suggest that the period of extremely low inflation in both Australia and New Zealand has come to an end. Underlying inflation, which excludes the temporary... 1st May 2017 · 1 min read
