Economy
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Economy
UPDATE: NZ 2Q inflation climbs in line with expectations
(Updates currency level, and adds comment from economists in 5th, 9th and 10th paragraph) By Rebecca Howard July 16 (BusinessDesk) - New Zealand’s consumers price index rose in the June quarter on higher prices for petrol, rent and ready-to-eat foods, but is unlikely to st...
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Economy
Tourist numbers dip in May on fewer Chinese, Indian arrivals
By Rebecca Howard July 15 (BusinessDesk) - International travel into New Zealand eased in May with fewer visitors arriving from China and India. About 219,300 visitors arrived in New Zealand in May, down 1.2 percent on the year, Stats NZ figures show. The number of Chinese...
Economy
Softer June services activity points to economic slowdown
By Rebecca Howard July 15 (BusinessDesk) - Activity in New Zealand's services sector softened in June, adding to a picture of lacklustre economic growth. The BNZ-BusinessNZ performance of services index fell 0.8 of a point in June from May to a seasonally adjusted 52.7. Tha...
Economy
Loss-making firms to get R&D refunds in proportion to payroll
By Pattrick Smellie July 12 (BusinessDesk) - Loss-making companies that invest in eligible research and development will be able to claim cash refunds in proportion to their payroll figures from the 2020/21 tax year. The policy, hidden in an omnibus tax bill tabled in Parli...
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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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