Newswire
News in Brief
Closed cafes lead to cheaper avocados in May
Millennials got an unexpected gift from covid-19: avocado on toast was that much more accessible in May, albeit largely homemade.“Cafes and restaurants were closed for the first half of May and customer numbers were limited due to covid-19 restrictions for the rest of the month,”...
Property
Fewer listings but house prices push higher in May - REINZ
The muted recovery in home sales in May reflected a shortage of new listings, which served to impact sales volumes but elevated prices, the latest Real Estate Institute of New Zealand numbers show. The 3,990 residential sales was 46.6 percent less than in May last year, reflec...
Economy
Services sector indicator bodes ill for labour market
Activity in the country’s services sector – which accounts for about two-thirds of the economy – bounced back from the lockdown doldrums in May, but still points to a souring labour market.The Business NZ-Bank of New Zealand performance of services index rose 11.5 points to a sea...
Services
Gentrack executive chair resigns over health issues
Gentrack executive chairman John Clifford has resigned from the board due to personal health reasons. Clifford assumed leadership of the company in February, after chief executive Ian Black suddenly resigned days before the annual general meeting. The company had run into d...
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