Page 8 - Craig Ebert News Today

Westpac economist suggests weak local economy and overseas banking turbulence mean RBNZ may end OCR hiking cycle in April

New Zealands economy may have contracted in the fourth quarter, three months ahead of a central bank forecast, a Reuters poll found, as the market questions whether an 18-month tightening cycle will

New Zealand may be flirting with recession much sooner than the central bank expected. The economy contracted 0.2% in the final three months of last year, a survey shows.

Activity in the services sector lifted further last month, driven by sales in the accommodation, hospitality and community sectors.

The strong construction sector is showing signs of cooling as house building falls away, with the first drop in the amount of work done in more than a year.

The manufacturing sector has crept back in to expansion after three straight months of contraction to end last year.

(RTTNews) - The manufacturing sector in New Zealand moved back into expansion territory in January, the latest survey from BusinessNZ revealed on ...

Service sector activity slowed at the end of last year, but remained positive with accommodation services, cafes and restaurants performing well.

Service sector activity has eased back last month to its slowest rate since April, but remains in expansion and proving to be the engine room for the economy.

(RTTNews) - The manufacturing sector in New Zealand continued to contract in December, and at a faster pace, the latest survey from BusinessNZ rev...