Economy
Explore the latest economy news by BusinessDesk
Retail
NZ consumer confidence still downbeat in June quarter
By Rebecca Howard June 18 (BusinessDesk) - New Zealand households remain downbeat with consumer confidence dipping in June and remaining at below average levels, the latest Westpac McDermott Miller survey shows. The consumer confidence index fell 0.3 points to 103.5 in the...
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Policy
Productivity Commission appointments bolster labour, health, environment credentials
By Paul McBeth June 17 (BusinessDesk) - Finance Minister Grant Robertson's two newest appointments to the board of the Productivity Commission will beef up its credentials in the economics of labour and health issues, and environmental policy. Former Department of Prime Mi...
Finance
NZ economy probably grew 0.6% in 1Q but more rate cuts still expected
By Rebecca Howard June 17 (BusinessDesk) - Strong building work and better-than-expected retail sales data likely underpinned New Zealand’s economic growth in the March quarter, but economists are still picking more rate cuts. Economists polled by Bloomberg predict gross do...
Services
Local travellers boost guest nights in April on Easter, Anzac holidays
By Paul McBeth June 17 (BusinessDesk) - Domestic travellers underpinned a 5.1 percent increase in accommodation guest nights in April, due to the Easter and Anzac Day holidays coinciding with school break. However, a drop in Chinese visitors saw international guest nights...
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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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