Economy
Explore the latest economy news by BusinessDesk
Services
Slowing service sector activity may weigh on 4Q economic growth
Activity in the services sector dipped back below its long-term average in November, as new orders/business fell and inventories jumped, and doesn't bode well for fourth quarter economic growth. The November BNZ-BusinessNZ performance of services fell 2 points from October to...
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Infrastructure
"Boring" plodders rank among NZ's top 10 performing stocks
Boring utilities that plod on providing essential services don't usually figure in lists of high flyers, but that probably should be qualified with “only in New Zealand” where they do.Six out of the 10 best performing stocks within the benchmark S&P/NZX 50 Index year to date are...
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Finance
Business leaders quiz finance minister on capacity to spend $12b
Business leaders put Finance Minister Grant Robertson under the grill this morning, pushing him on the ins and outs of the government’s $12 billion spending package and how it might be delivered. Robertson fronted the Auckland business audience, having delivered his Budget policy...
Manufacturing activity expanded in November
Manufacturing activity expanded for the second month in a row in November, although at a slower rate. The Bank of New Zealand-BusinessNZ performance of manufacturing activity index eased 1.2 points to 51.4 but remained above the 50 level that separates expansion from contract...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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