Economy
Explore the latest economy news by BusinessDesk
House price inflation ticks higher as sales volumes recover
House price inflation continued to tick higher in September and national sales volumes recovered to the highest level for the month in three years, led by activity in Auckland. The Real Estate Institute's national house price index rose 3.6 percent in the year ended September,...
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PREVIEW: Tepid annual inflation not enough to deter rate cuts
Dearer food, airfares and house-related goods are expected to boost the pace of third-quarter inflation, but it won’t be enough to stave off further rate cuts as annual inflation continues to wane. Economists expect the consumers price index rose 0.6 percent in the three month...
Services
International guest nights bounce offers reprieve for slowing tourism sector
The first increase in international guest nights for nine months will give accommodation operators some reprieve, although indicators are still pointing to a slowing sector. Statistics New Zealand's accommodation survey showed there were 958,000 guest nights in August, up 0.5 per...
Markets
US earnings season starts amid glimmers of hope on trade, Brexit
The US company reporting season about to get underway will provide the latest readings on how the world's largest economy is performing amid all the geopolitical headwinds. It's not likely to paint the brightest picture – analysts are predicting a third successive quarter of e...
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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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