Economy
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Economy
Lamb prices hit record levels in 2Q, pushing up terms of trade
By Rebecca Howard Sept. 2 (BusinessDesk) - New Zealand’s terms of trade lifted in the second quarter as meat and dairy prices saw strong rises, with lamb prices hitting record levels. The terms of trade, which measures the purchasing power of New Zealand's exports relative...
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Economy
Analysts downgrade earnings amid deepening business pessimism
By Jenny Ruth Sept. 2 (BusinessDesk) - Despite a solid earnings reporting season from NZX-listed companies, analysts are pulling back their forecasts for the coming year as businesses generally remain in a deep funk. In late July, analysts were expecting median earnings gro...
Economy
NZ consumers feeling better about their own back pocket, wary on wider economy
By Paul McBeth Aug. 30 (BusinessDesk) - New Zealand consumer confidence improved in August as households were more upbeat about the state of their own finances despite being somewhat uneasy about the outlook for the wider economy. The ANZ-Roy Morgan consumer confidence ind...
Economy
NZ dollar lifts against yen; buoyed by improved US data
By Rebecca Howard Aug. 30 (BusinessDesk) - The New Zealand dollar gained against the Japanese yen and held around a four-year low against the greenback as investor concerns about a slowing US economy eased. The kiwi was trading at 67.24 yen at 7:50 am in Wellington from 66....
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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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