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Economy
With House Sales Down in April, Have The Government Measures Started Paying off?
May 13, 2021 12:56 PM AEST| By ManikaSummary NZ house sales down in April, prices remain up. Some think it is a normal thing in April. Some analysts feel that it could be the early signs that govt measures are paying off. Looks like, the government’s measures to contro.....
US Economy Adds Record 1.8 Mn New Jobs in March As Hiring Slows
May 12, 2021 09:05 AM AEST| By Team Kalkine MediaSummary Food and accommodation sector creates the highest number of jobs at 185,000, followed by the education department at 155,000, and entertainment and recreation at 81,000. However, the number of jobs in the healthcare and social assistanc.....
New Zealand’s Retail Expenditure Zooms Up In April 2021
May 11, 2021 02:19 PM AEST| By Team Kalkine MediaSummary April 2021 recorded a huge surge of NZ$6.1 billion in New Zealand’s retail card spending. The apparel and fuel segment noted the largest number of consumers’ expenditure. Retail sector raking in benefits through schemes lik.....
New Zealand PM Ardern To Meet Unions To Discuss Public Sector Pay Freeze
May 10, 2021 03:00 PM AEST| By SonalSummary The New Zealand government has drawn enough criticism from several workers on extending the pay freeze to the public sector. The step has been taken to lessen the pay gap amongst income groups. Robertson is denying claims of the NZ gov.....
Housing Crisis Deepens in New Zealand
May 10, 2021 02:22 PM AEST| By RomaSummary Housing crisis in the country hits new lows. The average house price witnessed a sharp surge. According to predictions, things could get better in the near future. New Zealand housing crisis seems far from over with ever increasin.....
Robertson Puts Economic Recovery and Kiwis’ Welfare On Priority in Budget 2021
May 10, 2021 12:44 PM AEST| By SonalFinance Minister Grant Robertson, at a pre-budget speech in Auckland, stated that obtaining recovery and investing in the welfare of Kiwis was the emphasis of Budget 2021. He announced that there would be more regular spending and capital investment...
US Employment Numbers Fall Short of Expectations in April 2021
May 09, 2021 01:56 PM AEST| By DaminiAgainst widespread forecasts of the US economy adding about 1 million jobs in April 2021, the latest employment report released by the Labor Department showed that the economy added a disappointing 266,000 jobs last month. The report came as a sur.....
Is NZ Economy Under Strain? Here's What ANZ Business Outlook Survey Says
May 06, 2021 03:30 PM AEST| By SonalSummary Preliminary findings of the ANZ Business Outlook survey have revealed that strains on the economy are beginning to show. Business confidence surged with a jump of 9 points to +7% in May. Investment, exports and profit expectations all .....
Would New COVID-19 Case in NSW Put The Brakes On Trans-Tasman Travel Bubble?
May 06, 2021 02:50 PM AEST| By Team Kalkine MediaSummary A man tested positive in Sydney for coronavirus with high viral load and is currently in isolation. NZ Health Authorities are keeping a close watch and are in touch with the Australian Health counterparts. Currently, no changes are bei.....
RBNZ pitches for DTIs as its next option to support NZ’s financial stability
May 06, 2021 01:10 PM AEST| By SonalSummary In its biannual Financial Stability Report, RBNZ stated that it is prepared to take further action if needed to cool down the housing prices. House prices have risen 18.4% in April. RBNZ keeping DTIs as its next option but would need R.....
Salary Freeze For Frontliners May Lead To Troubles in The Near Future
May 06, 2021 12:54 PM AEST| By Team Kalkine MediaSummary Medical staff bearing the brunt of government cuts. Nation may face a shortage of doctors and nurses in the near future. Salary freezes might make the frontliners look for better options. With New Zealand being one of the few coun.....
New Zealand Remains Upbeat As Unemployment Rate Decreases
May 05, 2021 02:49 PM AEST| By Team Kalkine MediaSummary New Zealand’s economy showed early signs of revival amid the coronavirus pandemic as compared to other countries. The country's unemployment rate declined from 4.9% (in December 2020 quarter) to 4.7% (in March 2021 quarter). More.....
New Zealand Sets Different Pay Parameters For public sector workers
May 05, 2021 02:08 PM AEST| By SonalThe New Zealand Government announced Wednesday that public sector workers earning over $100,000 would not get any pay increase while those earning more than $60,000 could expect a rise in pay in only exceptional circumstances. Public Service Co...
NZ Financial system in healthy state, but vulnerabilities persist: RBNZ
May 05, 2021 12:17 PM AEST| By SonalSummary RBNZ stated that financial vulnerabilities were still intact and more action was needed there. Border restrictions, supply-chain disturbances, and social distancing have decreased activity in affected sectors. New capital rules for ban.....
In Pre-Budget Speech, NZ FM Calls For Reutilising Funds For Economy’s Recovery
May 04, 2021 02:18 PM AEST| By Team Kalkine MediaTuesday morning, New Zealand was greeted by Hon Grant Robertson, Minister of Finance, when he delivered his annual pre-budget speech to the audience at the Wellington Chamber of Commerce. Robertson stated that all the funds allocated for meeting C.....
New Zealand’s home transfers rose 34% in March 2021 quarter
May 04, 2021 02:00 PM AEST| By SonalSummary Home transfers in New Zealand rose by 34% on pcp in the March quarter of 2021. The high number of home transfers in March quarter comes after a strong December 2020 quarter. 192 home transfers were made to buyers who did not have New Z.....
MYOB Business Monitor: NZ SMEs still wary about economic recovery in 2021
May 03, 2021 12:00 PM AEST| By SonalThe annual MYOB small and medium enterprise survey shows that SME sector of New Zealand remains wary about the possibility of further economic recovery in 2021. The survey showed that nearly half (41%) of SMEs believed New Zealand’s economy wo...
Will NZ Government Succeed In Putting The Brakes On Rising House Prices?
April 30, 2021 12:09 PM AEST| By Team Kalkine MediaSummary Kiwi land witnessing a colossal rise in its house prices for over a year. Low interest rates, government assistance were some of the main reasons for this huge rise. First-time home buyers facing the heat as affordable housing has now .....
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US GDP Grows By 6.4% In First Quarter As Economy Reopens
April 30, 2021 07:36 AM AEST| By Team Kalkine MediaSummary This strong impetus in the economy reflects the increased consumer spending, a key factor of GDP growth. A raft of government measures from rapid vaccination to financial aid to US households has helped rekindle demand, which pushed the.....
Indian, Thai and HK stocks lead the APAC rally
April 29, 2021 03:33 PM AEST| By Furquan MoharkanSummary US Federal Reserve’s dovish tone has triggered a rally in APAC markets. Indian and Thai stocks are best performers. BSE Sensex has reclaimed the historic 50,000-mark The shares in India, Thailand and Hong Kong were the top .....
