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NZ electronic cards spending climbs in July as govt's families package kicks in
By Rebecca Howard Aug. 10 (BusinessDesk) - New Zealand retail spending on electronic cards rose in July as the government's suite of measures aimed at boosting household incomes came into effect. Seasonally adjusted total retail spending on credit and debit cards increased...
NZ central bank vacating Wellington HQ for 3 months due to asbestos
By Rebecca Howard Aug. 10 (BusinessDesk) - New Zealand's central bank is vacating its Wellington headquarters for about three months to remediate asbestos issues. The central bank's currency, payments and settlements, and markets operations will not be affected as "we are a...
PMI worsens in July, pointing to softer demand and slow growth
By Sophie Boot Aug. 10 (BusinessDesk) - New Zealand's manufacturing activity worsened further in July, dropping for the third month in a row and marking its second consecutive month below its long-run average. The BNZ-BusinessNZ performance of manufacturing index fell to a...
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