Shrinking manufacturing activity in December may be poised for turnaround
New Zealand’s manufacturing activity contracted in December as production and new orders faltered but, the sector may be at a turning point if recent sentiment surveys are correct. The Bank of New Zealand-BusinessNZ performance of manufacturing activity index fell 1.9 points to 4...
Card spending dips in December but momentum still strong
Consumers may have spent less in December after hitting the shops in November, but momentum remains strong as low interest rates continue to spur spending.Total retail spending fell a seasonally adjusted 0.8 percent on the month in December after lifting 2.9 percent in November. ...
Westpac joins sustainability lending club with Contact Energy loan
Westpac New Zealand has made its first foray into a sustainability-linked loan, lending $50 million to Contact Energy.The four-year facility is the first such loan issued by Westpac NZ, and follows a similar move by ANZ Bank New Zealand, which transferred an existing $50 million...
Financial life looks up for small businesses
New Zealand businesses may still be worried about profitability, but things are looking up for the small end of town. The latest Xero Small Business Insights data showed 58.47 percent of New Zealand small businesses were cash flow positive in November, up 8.51 percentage points...
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