Consumers in good cheer ahead of holiday season

Consumers in good cheer ahead of holiday season
Rebecca Howard
Consumers’ perceptions of their current financial situation are well above the average for the past five years and they are also feeling better about the future, according to the latest ANZ-Roy Morgan consumer confidence index.The index rose 3 points to 123.3, the highest since March 2018 and above the long-term average of 120.  A net 19 percent of the 1,004 people surveyed said they are better off now than they were a year ago, up from a net 17 percent in the prior survey. Looking ahead, a net 30 percent expect to be better off in a...

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NZIER's Shadow Board predicts RBNZ will hold, with one exception
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NZIER's Shadow Board predicts RBNZ will hold, with one exception

The New Zealand Institute of Economic Research’s Shadow Board expects the Reserve Bank of NZ to hold the official cash rate at 5.5% for another year, although one member did call for a hike this week. “While inflation pressures are still high and the labour market remains strong,...

Rebecca Howard 08 Jul 2024
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RBNZ could hint cuts may come sooner

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New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
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Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024