Economy
Explore the latest economy news by BusinessDesk
Policy
Acting PM Peters rebuffs concerns over digital services tax
By Victoria Young July 12 (BusinessDesk) - Acting Prime Minister Winston Peters has dismissed concerns the US could threaten New Zealand with tariffs over proposed taxes for internet companies. New Zealand is still developing a digital services tax which could generate $30...
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Services
Local travellers continue to boost guest nights in May
By Victoria Young July 12 (BusinessDesk) - Domestic travellers continued to shore up accommodation guest nights in May, helping offset an ongoing slide in international visitors. Total guest nights were up 0.9 percent to 2.56 million, underpinned by a 6.6 percent rise in do...
Infrastructure
New orders help manufacturing recover in June
By Victoria Young July 12 (BusinessDesk) - Manufacturing activity rose in June, thanks to a recovery in new orders which ensured the sector didn’t shrink. The Bank of New Zealand-Business NZ performance of manufacturing index rose 0.9 points to a seasonally adjusted 51.3 f...
Retail
Retail card spending flat in June on lower fuel costs
By Rebecca Howard July 11 (BusinessDesk) - Consumers spent less on fuel in June but more on furniture, hardware and appliances. Seasonally-adjusted electronic card spending was unchanged in June after falling 0.5 percent in May, according to Statistics New Zealand. Economis...
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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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