Articles by Liam Dann
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Business
GDP falls 0.2%: 'Effectively a recession that's lasted two years' - economist
Thursday, 19 September 2024, 10:44amNew Zealand’s gross domestic product (GDP) fell 0.2% in the June 2024 quarter, narrowly escaping technical recession after...
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Business
Soaring chocolate and olive oil prices push annual food price inflation up
Thursday, 12 September 2024, 12:35pmSpikes in the chocolate and olive oil prices offset cheaper fruit and vegetables to push annual food price inflation up slightly...
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Business
Petrol savings on the way as global oil price slumps to lowest this year
Wednesday, 4 September 2024, 11:21amGlobal financial market turmoil overnight has come with a silver lining for motorists as oil prices have slumped to their...
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Business
Business confidence soars to highest in a decade – ANZ
Thursday, 29 August 2024, 2:23pmBusiness confidence has soared to the highest level in a decade, according to the ANZ Business Outlook survey for August. Topline...
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Business
Watch: 'Darkest before the dawn': Reserve Bank cuts OCR, Luxon fronts media as banks slash rates
Wednesday, 14 August 2024, 1:29pmThe Reserve Bank has cut the official cash rate by 25 basis points to 5.25%. It is the first cut since March 2020. New Zealand’s...
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Business
Kiwi citizens still departing at historically high levels, net migration gain eases
Tuesday, 13 August 2024, 11:44amNew Zealand had a net migration gain of 73,300 in the June 2024 year, down from the peak of 136,600 in the October 2023 year,...
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Business
Unemployment rose to 4.6% in the June quarter. But will that prompt a rate cut?
Wednesday, 7 August 2024, 10:55amThe job market deteriorated in the June quarter, with unemployment rising to 4.6%. That’s up from the 4.3% rate in the March...
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Business
Business confidence rises with a ‘can’t get any worse vibe to it’ - ANZ
Wednesday, 31 July 2024, 2:04pmBusiness confidence jumped 21 points to +27 in July, and firms’ expectations for their own activity lifted 4 points to +16,...
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Business
‘The worst will soon be past’: ANZ survey shows consumer confidence bounce
Friday, 26 July 2024, 11:30amConsumer confidence bounced back from recessionary lows in July, ANZ-Roy Morgan’s survey shows. “It’s still very low, but...
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Business
Cost-of-living crisis over? Inflation stable in June quarter, annual rate down to 3.3%
Wednesday, 17 July 2024, 10:55amAnnual inflation fell to 3.3 per cent in the June quarter. In the June quarter, inflation was 0.4%, according to figures...
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Business
Annual food prices drop for first time in six years - fruit and veges lead the way
Thursday, 11 July 2024, 11:28amFood prices in New Zealand decreased 0.3% in the 12 months to June 2024, the first annual decrease in nearly six years (August...
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Business
Reserve Bank keeps OCR on hold but expectations rise for earlier cut
Wednesday, 10 July 2024, 1:16pmThe Reserve Bank has kept the Official Cash Rate at 5.5% – the eighth consecutive time that it has kept it on hold. But,...
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Business
Packing their bags: Kiwis depart in record numbers, Aussie appeal on the rise
Wednesday, 10 July 2024, 12:14pmThe number of Kiwi citizens leaving the country hit another new record in the year to May with more than 60,000 long-term...
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Business
Leaving home: New record for Kiwi departures as total net migration falls
Wednesday, 12 June 2024, 11:32amNew Zealand citizens continue to leave the country at record levels, according to new Stats NZ data. More than 81,000 Kiwis...
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Business
Housing-related spending slumps as ANZ reports sluggish retail growth
Monday, 10 June 2024, 4:42pmKiwis appear to be putting home renovations on hold as the tough economic conditions bite. New Zealand’s largest bank reports...
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Business
Chocolate and olive oil shocks blamed for food price spike in April
Monday, 13 May 2024, 11:47amMonthly food prices rose 0.6 per cent in April 2024 compared with March 2024, according to figures released by Stats NZ today. It...
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Business
Unemployment rises to highest level in three years
Wednesday, 1 May 2024, 10:59amThe official unemployment rate was 4.3 per cent in the March 2024 quarter, compared with 4 per cent in the previous quarter,...
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Business
Inflation falls to lowest rate since June 2021 - annual rate now 4 per cent
Wednesday, 17 April 2024, 10:44amNew Consumers Price Index data shows the inflation rate has continued to fall. New Zealand’s consumers price index increased...
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Business
It's official - latest GDP result confirms New Zealand is in recession
Thursday, 21 March 2024, 10:52amNew Zealand has entered recession. Gross domestic product (GDP) fell 0.1 per cent in the December 2023 quarter, compared...
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Business
Fruit and vege prices plummet 9 per cent in past year
Wednesday, 13 March 2024, 11:28amFruit and vege prices have fallen 9.3 per cent in the past 12 months driven down by tomatoes, broccoli, and lettuce, new...
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Business
Food prices on the rise again - chocolate, milk and eggs the lead way
Wednesday, 14 February 2024, 12:28pmFood price inflation returned in January with Stats NZ reporting monthly food prices increased by 0.9 per cent. The biggest...
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Business
Grim warning: ANZ picks two more Reserve Bank rate hikes ahead
Friday, 9 February 2024, 1:49pmStrong employment data has prompted ANZ economists to change their forecast for the Reserve Bank’s rate path this year. In...
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Business
Jobs surprise: Unemployment rate rises, but slowdown not as bad as expected
Wednesday, 7 February 2024, 11:29amThe unemployment rate rose in the December quarter but not by as much as the market had expected. New data from Stats NZ...
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Business
Shock as GDP falls 0.3 per cent
Thursday, 14 December 2023, 10:55amNew Zealand’s economy slumped in the September quarter. The economy shrank 0.3 per cent compared to the June quarter. The...
