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Sugar-rush retail spend coming to an end - KiwiBank

Sugar-rush retail spend coming to an end - KiwiBank 8 Apr, 2021 01:30 AM 3 minutes to read Spending pause? Economists seeing pullback in post-lockdown splurge. Photo / Paul Taylor The post-lockdown sugar-rush has finally come to an end, says KiwiBank economist Mary Jo Vergara. The splurge in spending over the second half of last year lasted much longer than expected. But now we have seen a pullback. Kiwibank s Household Spending Tracker report for the March 2021 quarter showed domestic spend declined 9 per cent in the March quarter, the first decline since the first lockdown ended. The buffer of household savings built up over the initial lockdown may be eroding, Vergara said.

United statesNew zealandMary jo vergaraSharon zollnerHousehold spending trackerஒன்றுபட்டது மாநிலங்களில்புதியது ஜீலாந்துமேரி ஜோ வெர்கராஷரோன் ஜொல்ல்நேர்வீட்டு செலவு டிராக்கர்

ANZ April survey shows business confidence dip

ANZ April survey shows business confidence dip © RNZ / Nate McKinnon © Provided by Radio New Zealand Generic exteriors of ANZ office File image. Photo: RNZ / Nate McKinnon A preliminary read of the ANZ Bank s monthly survey for April showed headline confidence becoming more pessimistic, with a net 8 percent believing the broad economic outlook will get worse over the coming year. The more closely followed own-activity measure was steady with 16 percent expecting better times for their own businesses. ANZ s chief economist, Sharon Zollner, said the economy was showing stresses and strains. Cost pressures are intense, and subdued profitability expectations suggest firms are not optimistic about their ability to recoup all of it, Zollner said.

New zealandSharon zollnerNate mckinnonRadio new zealandReserve bankபுதியது ஜீலாந்துஷரோன் ஜொல்ல்நேர்நேட் மகிநொந்வானொலி புதியது ஜீலாந்துஇருப்பு வங்கி

Stresses and strains in economy starting to show as confidence dips, ANZ warns

The biggest disappointment had been December-quarter GDP falling 1 per cent, the bank said. However, confidence in firms’ own outlook held steady in its latest survey, with a net 16 per cent positive. The Auckland Business Chamber said a separate survey it conducted suggested small and medium-sized businesses had a gloomy outlook for the next six months, indicating the economy had “plateaued”. Chief executive Michael Barnet said the survey did not paint a rosy picture, with only 20 per cent of respondents thinking the economy would be better in the next six months than in the past six months. LAWRENCE SMITH/Stuff Auckland Business Chamber chief executive Michael Barnett said the mood among its members in Auckland was not rosy.

New zealandSharon zollnerReserve bankOfficial cash rateபுதியது ஜீலாந்துஷரோன் ஜொல்ல்நேர்இருப்பு வங்கிஅதிகாரி பணம் ரேட்

Housing boom in New Zealand threatened by loan, tax changes Will Australia follow?

Housing boom in New Zealand threatened by loan, tax changes. Will Australia follow? Posted 6 updated 3 AprApril 2021 at 11:42pm Brendon and Gauri Miszka are trying to buy their first home in Sydney during the city s latest property boom. ( Share Print text only Cancel IT professional Brendon Miszka and his wife Gauri are inspecting a house in Sydney s north-western suburbs. They re looking to buy their first home but, despite good jobs and a decent deposit, they re finding it tough. I think we re competing with a lot of people that would be happier to take a lot more risk, Brendon says. Property consultant Edwin Almeida has worked on both sides of the fence, buying and selling for clients.

New zealandNew south walesNew zealandersBrad olsenEdwin almeidaEliza owenFelicity emmettBrendon miszkaSharon zollnerMichael jandaAustralia labor partyReserve bankLabor partyWayne byresReal estateHouse prices

Business confidence slips as economic pressures heat up

Business confidence slips as economic pressures heat up
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