Economy
Explore the latest economy news by BusinessDesk
Broad-based manufacturing pick-up offers silver lining
Manufacturing activity snapped three months of contraction in October, with a broad-based pick-up in demand strong enough to see firms burn through some of their inventories. The Bank of New Zealand-BusinessNZ performance of manufacturing index rose 3.8 points to 52.6 in October,...
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Global economic outlook not as dark as in August: RBNZ
The outlook for the economy isn't as dark as it was in early August, says Reserve Bank chief economist Yuong Ha.That was one of the factors that persuaded the central bank's monetary policy committee, of which Ha is one of RBNZ's four members, against cutting interest rates again...
Property
Regional house price inflation accelerates in October
House price inflation accelerated across the regions in October, with Auckland the only area where prices remained subdued, Real Estate Institute figures show. The national house price index rose 3.9 percent in October from a year earlier, and excluding Auckland, was up at an eve...
ANALYSIS: The Reserve Bank's element of surprise
The Reserve Bank says it hasn't intended to take financial markets by surprise, even though it has done so with its last two monetary policy decisions."It's certainly not our conscious intention to try and surprise folk at all," governor Adrian Orr told journalists after the RBNZ...
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Pattrick Smellie
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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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