Economy
Explore the latest economy news by BusinessDesk
Economy
Manufacturing nosedives in April but expected to improve
Manufacturing activity is expected to recover from April’s nosedive but any improvement will depend on the sector’s ability to get new orders up and running and to adapt to revised factory floor processes under social distancing rules. The Bank of New Zealand-BusinessNZ perfor...
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Property
Signs of residential recovery from April - REINZ
Home sales for April, the month spanning most of the covid-19 lockdown, showed a 78.5 percent year-on-year drop - but there are signs of a brisk recovery into May, according to the latest numbers from the Real Estate of New Zealand. Data for April shows that Auckland managed t...
Markets
MARKET OPEN: A better mood on Wall Street may spur some local buying
Improving sentiment on Wall Street could spill over into the domestic equities market, particularly as investors digest the massive stimulus announced in yesterday’s budget. Wall Street was in positive territory despite dire data, ongoing US-China tensions, downbeat comments f...
Services
Xero guards its cards as it braces for coronavirus impact
Xero said its business took a hit in March and April from the coronavirus crisis but it won't provide any hard numbers for those months. Chief executive Steve Vamos said the company had acknowledged subscriber additions were low in March and that the crisis would impact its cu...
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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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