Economic data downpour to continue

(Image: Getty)

Wed, 01 Nov 2023

Domestic and international economic data is raining down on local investors, and it’s only Wednesday. Close to home, the latest labour market statistics from Statistics New Zealand are due out later on Wednesday morning, as well as the financial stability report from the Reserve Bank of NZ (RBNZ).“Back in May, the RBNZ sounded confident that households would be able to adapt to higher servicing costs. It will be interesting to see whether this judgement has evolved,” ASB senior economist Kim Mundy said in a note on Monday...

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