GDP surprisingly strong….will rates rise sooner? Despite continued border restrictions keeping out international tourists and despite Auckland being in alert level 3 lockdown for 10 days, March quarter’s Gross Domestic Product was undeniably strong. Quarterly growth of 1.6% came in well ahead of economists’ expectations, including the Reserve Bank which had been forecasting a 0.6% […]
exchange rates
Economic Week – June 11
Bank satisfaction continues to wane. Last Friday, Federated Farmers released the results from its May 2021 Banking Survey. It showed a further slippage in farmer satisfaction in banking relationships, a trend evident since late 2017. Our media release is here and the full report can be found here. The key results were: 62% of farmers […]
Economic Week – February 19
by Nick Clark, Federated Farmers Manager General Policy Seven in a row Continued strong demand from China saw dairy prices increase again in this week’s Global Dairy Trade auction. The GDT Price Index was up 3.0% compared to the previous auction a fortnight ago. All six commodities on offer increased in price, led by whole […]
Economic Week – February 12
by Nick Clark, Manager General Policy, Federated Farmers of NZ Budget 2021 The Government this week released Budget Policy Statement 2021 for the upcoming Budget. Last year’s Budget was focused mainly on the immediate need to keep New Zealand safe from COVID-19 and combatting the economic fallout. While continuing this work, Budget 2021 will move […]
Economic Week – February 5
A round-up of the week’s economic news by Nick Clark, Federated Farmers Manager General Policy Farmer confidence bounces back The results are out from Federated Farmers’ latest six-monthly Farm Confidence Survey. The survey showed a strong recovery in farmer confidence, albeit off a low base, returning it to levels of a year ago. Key points […]