Economy

Explore the latest economy news by BusinessDesk
Market pricing calls Westpac’s bluff
Economy

Market pricing calls Westpac’s bluff

The market is pricing in another 25-basis point rate hike next week to 5.5%.

Rebecca Howard 16 May 2023
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NZ arm of Jenny Craig enters administration
Economy

NZ arm of Jenny Craig enters administration

The company used stars like Rebel Wilson and Mel B to promote its products.

Riley Kennedy 16 May 2023
Regional activity remains 'finely balanced'
Economy

Regional activity remains 'finely balanced'

The quarterly monitor found a 2.7% per annum rise in activity.

Riley Kennedy 16 May 2023
April's four-point PSI drop 'may indicate a turning point'
Economy

April's four-point PSI drop 'may indicate a turning point'

New Zealand’s service sector went into contraction for the first time since February last year, according to BNZ-BusinessNZ’s Performance of Services Index (PSI).The PSI for April was 49.8, down four points from March and well below the long-term average of 53.6.A reading above 5...

Staff reporters 15 May 2023


Pattrick Smellie
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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