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Business Scoop » ASB: Interest Rate Sentiment Has Turned But Housing Market Uncertainty Remains

Business Scoop provides news and views on Business and Markets from New Zealand

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New Zealand Economy May Be In Worse Shape Than You Think

Unemployment is up, gross domestic product (GDP) is down and sentiment has fallen significantly.

New zealandKim mundyBrad olsenSharon zollnerKelly eckholdCraig renneyJarrod kerrNz council of trade unionsReserve bankGlobal financialTrade unions

Dead cat bounce: Retail spending lifts but for how long?

The total volume of retail sales rose 0.5 per cent in the March 2024 quarter, after adjusting for price inflation and seasonal effects, according to Stats NZ.

New zealandKim mundyWestpac satish ranchhodMelissa mckenzieWarbirds over wanakaSatish ranchhod

Quarterly retail figures rise for the first time since late 2021 but the immediate future still looks glum

Stats NZ figures show that seasonally adjusted retail sales by volume increased by 0.5% in the March quarter, but the figures were down 2.4% on the volumes recorded for the same quarter in 2023

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Households still in grip of high food costs

Food inflation might be softening, but for many households, the damage is done.

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