Economy
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Economy
Cautious consumers go easy on the plastic as card spending dips in July
By Victoria Young Aug. 12 (BusinessDesk) - Seasonally-adjusted electronic card spending dipped in July by 0.1 percent after being flat in June, according to Stats NZ. Economists had expected a 0.5 percent lift, according to the median in a Bloomberg poll. In the same month...
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Economy
Fewer Asian visitors in June offset by an increase from the US, Australia
By Rebecca Howard Aug. 9 (BusinessDesk) - A drop in the number of overseas visitors from Asia in June was offset by an increase from the US and Australia. About 213,536 short-term visitors arrived in New Zealand in June, up 0.6 percent on the year, Stats NZ said. The nu...
Economy
Tax programme to consider seismic strengthening inducements
By Paul McBeth Aug. 8 (BusinessDesk) - Inland Revenue's latest tax policy programme will consider ways to encourage seismic strengthening for both commercial and residential property in the short-term. The proposal is detailed in the programme for the 2019/20 fiscal year r...
Economy
RBNZ confident steep rate cut, government largesse will jump-start economy
By Rebecca Howard Aug. 7 (BusinessDesk) - New Zealand's central bank is confident its 50 basis point rate cut coupled with the government's spending programme will be enough to jump-start the economy, but economists are sceptical. "We believe the Reserve Bank is more hopefu...
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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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