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NZ service sector expands in June, rounding out buoyant second quarter
By Suze Metherell July 14 (BusinessDesk) - New Zealand service sector activity, which accounts for about two thirds of the economy, rose in June to round out a second quarter almost as buoyant as the first three months of the year. Today's reading comes after the PSI's ...
NZ house sales fall in June, led by cheaper properties
By Suze Metherell July 14 (BusinessDesk) - New Zealand house sales fell in June from a year earlier, led by properties of $400,000 or less, indicating the Reserve Bank's restrictions on low-equity loans are curbing demand at the cheaper end of the market. Sales fell 6.1 pe...
NZ dollar holds above 88 US cents, may test record high this week
By Jonathan Underhill July 14 (BusinessDesk) - Second-quarter inflation figures due on Wednesday are expected to show the consumer price index sped to 0.4 percent last quarter for an annual pace of 1.8 percent, according to a Reuters survey. That would be a tad faster...