Economy
Explore the latest economy news by BusinessDesk
Retail
Confidence wanes as NZ consumers worry about the future
By Rebecca Howard Aug. 2 (BusinessDesk) - Consumer confidence took a hit in July as consumers fret about the future. The latest ANZ-Roy Morgan survey of consumer confidence fell 6 points in July to 116.4, the lowest reading so far this year and below the historic average of...
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Services
Datacom lifts capital spending as demand for IT services persists
By Paul McBeth Aug. 1 (BusinessDesk) - Datacom Group lifted capital spending by about 22 percent and added almost 1,200 staff in the March 2019 year as demand for IT services continues to outstrip wider economic growth. New Zealand's biggest IT services provider reported a...
Infrastructure
Mainfreight’s Plested talks taxes, climate change and succession
By Victoria Young Aug. 1 (BusinessDesk) - Mainfreight chairman Bruce Plested spoke out about multi-nationals who don’t pay tax in New Zealand and addressed climate change at the company’s annual meeting earlier this week. In his opening remarks, the Mainfreight founder ran...
Markets
NZ dollar falls as business funk deepens
By Jenny Ruth July 31 (BusinessDesk) - The New Zealand dollar fell after a survey showed business sentiment, especially in the construction sector, has become even grimmer and as domestic interest rates hit fresh record-lows. The kiwi was trading at 65.97 US cents at 5pm in...
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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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