NZBA finds a $1b mistake in lending data
The New Zealand Bankers’ Association said it has discovered that banks have lent $1 billion less than it had previously reported to businesses since the nation's lockdown to combat the spread of the coronavirus.NZBA began publishing data on bank lending on its website, update...
Construction-led inflation slowed into pandemic
The annual rate of inflation in the construction sector slowed to a 3.6 percent pace in the March quarter, from 3.9 percent for the prior quarter, according to the latest Cordell Housing Price Index.While this was well down from the cyclical peak of 6.9 percent in the last quarte...
Foreign policy review underway to support economic recovery
Foreign Minister Winston Peters tasked the Ministry of Foreign Affairs and Trade to consider how foreign policy can support the domestic economic and trade recoveries.Peters asked the ministry to consider post-covid policy priorities three weeks ago, he said in a speech today. Pe...
Record monthly exports in March
Exports hit a new high in March 2020, driven by sales of kiwifruit, dairy, and meat, even as the covid-19 pandemic spread around the world, Stats NZ said.The value of total exported goods rose 3.8 percent to $5.8 billion in March from a year earlier. This was a record for any mon...
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