Signs of economic strain: consents, cranes and cars

Signs of economic strain: consents, cranes and cars
Employment numbers aren’t to be trusted, the housing market remains perky, and there were signs of a resurgence in the retail sector before Auckland's second lockdown sucked the wind out of its sales.So, to which end of town do we look for more robust signs of the impending and much touted great covid recession?There are some stress fractures emerging, though they aren’t as high profile as you would think.ConsentsThe longer the 77,000 or so international tourists and students who used to get through New Zealand passpor...

More Economy

RBNZ assistant governor resigns
Economy

RBNZ assistant governor resigns

The announcement comes just weeks after governor Adrian Orr suddenly quit.

John Anthony 17 Apr 2025
Annual inflation lifted 2.5% in the first quarter
Economy

Annual inflation lifted 2.5% in the first quarter

The lift was a tad higher than RBNZ forecasts. 

Staff reporters 17 Apr 2025
Slight inflation lift won't stop rate cuts thanks to trade war
Economy

Slight inflation lift won't stop rate cuts thanks to trade war

Most economists expect annual inflation lifted to 2.4% in 1Q.

Rebecca Howard 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025