New index shows activity bounce in May

Staff reporters
Tue, 30 Jun 2020

New Zealand’s economic activity in May was down 6.5 percent from a year earlier, according to a new composite index from Treasury, Stats NZ and the central bank. While activity was weak, it did bounce back from April, when it had fallen 19 percent from same month in 2019, the first edition of the NZ Activity Index showed.  The index summarizes changes in eight monthly activity indicators. The May rebound was driven largely by sharp bounces in electronic card spending and light and heavy traffic movements, all of which were up mo...
Listed Companies
Huljich family sells 25% of Pushpay stake
Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Property
Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

Election 2020
ELECTION 2020: NZ First moves fast to seek political capital from Muller resignation
Pattrick Smellie | Tue, 14 Jul 2020

New Zealand First party leader Winston Peters was quick out of the blocks to issue a statement on the shock resignation of National Party's leader, Todd Muller, this morning. With NZ First polling...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.