Economy
Explore the latest economy news by BusinessDesk
Markets
Record-low rates point to terrible growth even as stock prices soar
By Jenny Ruth June 17 (BusinessDesk) - At first glance, record-low wholesale interest rate markets and soaring stocks appear to be occupying different universes. In New Zealand, the five-year swap rate closed below 1.5 percent for the first time, ending last week at 1.48 pe...
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Retail
NZ food prices rise an annual 1.7% in May, rental inflation steady
By Rebecca Howard June 14 (BusinessDesk) - New Zealand food prices rose an annual 1.7 percent in May, boosted by more expensive groceries and restaurant and ready-to-eat food. The annual rise in food prices followed a 1 percent annual rise in April. Restaurant meals and re...
Infrastructure
Manufacturing grows at slowest pace in more than six years
By Rebecca Howard June 14 (BusinessDesk) - Manufacturing activity grew at its slowest pace in more than six years last month, and barely remained in expansionary territory. The Bank of New Zealand-Business NZ performance of manufacturing index fell 2.5 points to a seasonal...
Primary Sector
China's appetite for NZ red meat is surging
By Jenny Ruth June 13 (BusinessDesk) - China has been New Zealand’s largest market for red meat for some time and growth in that market is surging. Meat Industry Association analysis of Stats NZ figures shows China accounted for 36 percent of total red meat exports in April...
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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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