NZ manufacturing firms up in May as production surges, forestry strengthens
By Sophie Boot June 17 (BusinessDesk) - New Zealand manufacturing activity continued to firm in May as production surged, while employment resumed its expansion. The BNZ-BusinessNZ performance of manufacturing index rose to a seasonally adjusted 57.1 last month from 56.6 in...
Fletcher Residential signs $130mn housing agreement with Crown in Auckland
By Sophie Boot June 17 (BusinessDesk) - Fletcher Building's residential division has signed an agreement with the government to build 196 homes on surplus Crown land in Auckland. The development of 9.2 hectares of former Ministry of Education land in Massey East will cost $...
MARKET CLOSE: NZ shares mixed, Spark and Air NZ gains while A2 Milk drops
By Sophie Boot June 16 (BusinessDesk) - New Zealand shares were mixed amidst Brexit concerns; Spark New Zealand and Air New Zealand gained, while A2 Milk dropped. The S&P/NZX 50 Index rose 19 points, or 0.3 percent, to 6,888.56. Within the index, 26 stocks fell, 15 rose and...
Joyce disagrees with Treasury's per-capita GDP forecast
By Sophie Boot June 16 (BusinessDesk) - A string of better-than-expected data points to faster economic growth on a per capita basis than Treasury's projections, Economic Development Minister Steven Joyce says. Data released by Statistics New Zealand earlier this morning s...
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