News in Brief
News in Brief
News in Brief
Glimmer of light in ANZ business outlook
Business confidence – while still dire - showed some signs of dusting itself off according to ANZ Bank’s preliminary read for May.“As New Zealand emerges from a highly successful lockdown there’s a glimmer of light, but it’s at the end of a very long tunnel,” said ANZ Bank chief...
News in Brief
Spending halves during lockdown
Total retail sales fell $2.6 billion, or 47 percent, in April after adjusting for seasonal effects, Stats NZ said. That was the largest fall in both dollar terms and percentage change since the series began in 2002. “The $2.6 billion drop is the equivalent of each person in the c...
News in Brief
Supplies! 11th hour deal salvages office jobs
National Express Products, an essential business under covid-19 restrictions, has acquired the business of NZ Office Supplies after the company had gone into voluntary administration on Tuesday.NXP chief executive Joe Taylor said all the office supply company’s 34 staff - throug...
News in Brief
NZ beef will fill the void left by reduced Aussie exports - Rabobank
Australia’s loss is likely to be New Zealand’s gain in beef exports, although global demand for beef will come under significant pressure due to the economic impacts of covid-19 in 2020. Rabobank animal proteins analyst Blake Holgate said local beef farmers would benefit from an...
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