November 22nd, 2024

Business

Regional data provided further insights. Except for Marlborough, all regions had a reduction in new home consents.
Business
1 year ago

New Zealand sees a decline in new home consents for 2023

New Zealand witnessed a decline in the number of new homes consented over the past year, according to In the latest figures released...

The boost in household expenditure was primarily due to New Zealanders increasing spending on international travel.
Business
1 year ago

GDP slips 0.1% in March 2023 quarter amidst Cyclone impact and teachers' strikes

New Zealand's economic activity registered a dip of 0.1% in the March 2023 quarter, according to the latest figures from Stats NZ. This marks...

The combination of all passenger internal combustion vehicles experienced a more modest increase of 1.7%, amounting to $5.6 billion.
Business
1 year ago

EV imports to New Zealand surge as interest in greener vehicles grows

Imports of fully electric vehicles in New Zealand have more than doubled in value during the 12 months to March 2023, with a series...

Debt servicing costs for households have risen significantly from historically low levels during the pandemic, and by the end of the year, the share of disposable income required to service the interest component of mortgage debt is expected to more than double from its recent low of 9% to around 22%.
Business
1 year ago

Rising interest rates challenge NZ households and businesses

In the midst of an economic landscape marked by soaring inflation and a tightening labour market, New Zealand's households and businesses are navigating the...

Finance Minister Grant Robertson (L) and Social Development and Employment Minister Carmel Sepuloni
Business
1 year ago

Rising wages outpace inflation with more Kiwis in work

New Zealanders are experiencing record employment rates and increasing wages, with the government's economic plan generating additional jobs and higher earnings to help alleviate...

The alliance between Air New Zealand and Air China allows customers of both airlines to enjoy reciprocal frequent flyer benefits, including earning and spending loyalty points and lounge access.
Business
1 year ago

Air New Zealand and Air China increase flight capacity to boost tourism

Air New Zealand is set to increase flight capacity between New Zealand and China, with the resumption of daily Auckland-Shanghai flights from 3 May...

Apple season in New Zealand typically spans from February to October, with peak exports occurring between April and June.
Business
1 year ago

Napier port's apple exports remain stable despite decline in quantity

The apple export market demonstrates resilience as the value of exports from the port of Napier remains steady at $61 million, a slight 2%...

Meat and edible offal exports faced a decline in March 2023, falling by $66 million (6.6%) to $934 million compared to the same month in 2022.
Business
1 year ago

New Zealand trade deficit widens as imports surge in March 2023

The latest report from StatsNZ on overseas merchandise trade revealed that New Zealand's trade deficit widened in March 2023, as imports surged...

Featured News

Net worth has fluctuated due to shifting asset values, particularly in property and investment holdings.

Household spending surpasses income as net worth drops by $47 billion

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The significant decrease in fruit and vegetable prices has been a major factor in the overall modest inflation.

Food prices see smallest annual increase since 2018

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Provisional figures indicate that New Zealand saw 229,100 (± 3,500) migrant arrivals in the April 2024 year, marking a 25% increase from the previous year.

Record surge in migrant arrivals and departures for New Zealand in April 2024

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Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

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Auckland region had the largest increase in earnings over the year to March 2024, up to $64.9 billion from $59.6 billion in the March 2023 year.

Total gross earnings in New Zealand up by 8.6% in year to March 2024

Business