Economy Watch
1,329 episodes - English - Latest episode: 24 days ago -We follow the economic events and trends that affect New Zealand.
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Jennifer Wilkins: making the case for degrowth
April 24, 2024 19:30 - 33 minutes - 30.6 MBWith economic growth no longer producing benefits seen in the past such as raising living standards for the middle class, and human activity having exceeded some planetary boundaries, it's time to embrace degrowth, argues Jennifer Wilkins. Wilkins is a researcher and advocate on sustainability in business with a focus on degrowth. In a new episode of interest.co.nz's Of Interest podcast, she discusses the degrowth movement. "Degrowth is normally described or defined as an equitable downsca...
Factories abuzz in many key countries
April 23, 2024 19:42 - 4 minutes - 4.47 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news the world's factories are getting busier, especially in India. But first, the strong run of American retail sales is continuing. Sales at bricks & mortar stores on a same-store basis were +5.3% higher last week than the same week a year ago. This extends the +...
Positive anticipation
April 22, 2024 19:36 - 4 minutes - 4.38 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news markets are waiting for some big earnings reports, especially from Big Tech in the US. They are waiting in a positive mood. But first in the US, the Chicago Fed's National Activity Index rose for a second consecutive month March, the first time that has happened...
Extended economic expansion drives up key metal prices
April 21, 2024 19:15 - 5 minutes - 5.15 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news the ongoing rise in the world economy is shifting some key metals prices into a bull-run. But first a look ahead. The American data to be updated this week will be their advance Q1-2024 GDP which is currently expected to come in at +2.5%. That will follow key upd...
Andrew Dentice: Competition, innovation & societal benefits of open banking
April 19, 2024 21:30 - 33 minutes - 30.6 MBFor open banking to really grab people's attention the focus needs to be on the services it can enable, rather than the technology behind it, says Andrew Dentice. In the latest episode of interest.co.nz's Of Interest podcast, Dentice, a technology lawyer and partner at HudsonGavinMartin, discusses the data sharing that enables open banking, what open banking actually is, why progress towards it has been slow in New Zealand, what's going on with open banking overseas, the threat and opportun...
The risks of shorting USTs becomes a global concern
April 18, 2024 19:27 - 4 minutes - 4.53 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news that while we weren't watching a few people are making financial bets so large they could hurt us all. In its latest global financial stability report, the IMF says near-term risks have receded as disinflation (that is, the lowering of the positive inflation rate...
US powers on driving global economy
April 17, 2024 19:35 - 4 minutes - 4.3 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news our meat exports to China face tough conditions, and not just from competition from excess Aussie lamb supply. But first, US mortgage applications rose +3.3% last week even as benchmark mortgage interest rates rose to 7.13% plus points and a four month high. (A...
Powell dials back rate cut expectations
April 16, 2024 19:54 - 6 minutes - 6.08 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news the US Fed is telling markets rate cuts from them are not coming soon. First up today, the overnight dairy auction confirmed the recent rises, but didn't add to them in a subdued event. In USD terms overall prices were up +0.1 and in NZD terms up +1.5%. Volume...
Unexpectedly strong US retail sales shake financial markets
April 15, 2024 19:42 - 5 minutes - 4.94 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news that bullish American consumers are likely pushing back the likelihood the US Fed will cut its policy rate any time soon. Financial markets now price in only two cuts this year, one in September and one in December and far less than the four priced in at the sta...
Risks facing the global economy pile up
April 14, 2024 19:20 - 5 minutes - 4.83 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news of an export setback in China that may signal a tougher path for them in the rest of 2024. But first, this week will kick off the US earnings season which will run for a few weeks until the Q1-2024 results are all in. Bank profits will be early in this set, many ...
Barbara Edmonds: Rehabilitating Labour's economic credibility after the cost of living crisis
April 12, 2024 21:57 - 22 minutes - 20.8 MBFinance spokesperson Barbara Edmonds says a re-elected Labour Government would have been willing to expand its planned public sector cuts to protect key programmes. The tax lawyer turned MP spoke on Interest.co.nz’s Of Interest podcast about the Coalition’s fiscal policy and her role in rebuilding the Labour Party after its election defeat. Part of that project will be rehabilitating the party’s economic credibility after presiding over a massive cost of living crisis. Ipsos’ February ...
Markets calm after US CPI bump
April 11, 2024 19:44 - 4 minutes - 4.02 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news today's data releases in the shadow of yesterday's highish US CPI release, and there is some talk of rate cuts elsewhere. First up in the US, the number of new jobless claims fell last week, consigning the prior week's jump to the 'anomaly' basket. There are now ...
US inflation runs higher than expected
April 10, 2024 19:39 - 5 minutes - 4.61 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news it is all about American inflation today, and the consequences of missing expectations. The American annual inflation rate picked up slightly for a second straight month, to 3.5% in March, its highest rate highest six months, and well above the 3.2% rate in Feb...
Above-average activity, below-average sentiment
April 09, 2024 19:44 - 5 minutes - 4.72 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news business owners are having difficulty matching their sentiment with the conditions around them. And financial markets are in a bit of a pre-dawn shadow as they await the US CPI data tomorrow. Headline CPI is expected to tick up, core inflation tick lower. Both...
The pain of variable rate mortgages
April 08, 2024 19:23 - 3 minutes - 3.6 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news the IMF reckons the way the Aussie home loan market is structured accentuates mortgage rate pain. But first in the US, consumer inflation expectations for the year ahead remained steady at 3% for a third consecutive month in March, holding at three-year lows. Fo...
Bond yields rise as rate cut bets fade
April 07, 2024 19:27 - 5 minutes - 5.46 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news investors are much less sure rate cuts will come in 2024. This week, given that American jobs growth remained strong in March, all eyes will now turn to their inflation data with CPI due out on Thursday. That is expected to show inflation rising there slightly to...
All good now but huge unavoidable changes coming
April 04, 2024 18:40 - 4 minutes - 4.57 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news markets don't seem to be worrying about coming 'bad news' ahead of tomorrow's US March labour markets report. US initial jobless claims recorded a minor +2000 rise last week from the week before taking the total to 1.94 mln. But that was a big -74,000 decrease as...
Tim Grafton: 12 years at the coalface of the insurance industry
April 04, 2024 18:30 - 37 minutes - 34.4 MBThe departing Chief Executive of the Insurance Council of New Zealand says if Wellington is hit with an earthquake on a similar scale to the Canterbury quakes, it would “raise some questions” on whether NZ insurers would be able to continue to purchase reinsurance at an affordable cost. “I think reinsurers would still be there. But the ability to purchase reinsurance at a good rate and the degree of capacity that would be available, particularly for property in Wellington, could be really c...
US inflation goals hampered by labour market expansion
April 03, 2024 18:35 - 4 minutes - 4.2 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news progress toward lower inflation is underway but the road is bumpy. But first up today we should note that American mortgage application levels decreased again last week. Their mortgage rates moved lower last week, but that did little to ignite overall mortgage ...
Bond losses weigh on equity markets
April 02, 2024 18:36 - 4 minutes - 3.78 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news yields are climbing as markets recognise the Fed is serious about wanting to see sustained inflation at 2%, and the US economy just keeps on powering ahead. And that is hurting equity valuations. But first, the overnight dairy auction brought higher prices. In...
Global manufacturing indicators turn positive
April 01, 2024 18:20 - 6 minutes - 5.71 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news that global manufacturing indicators have turned quite positive. First in China, their official March PMIs have set a bullish tone to start the week. Their official factory PMI rose to 50.8 from 49.1 a month earlier and export orders also recovered. The official...
The battle against inflation continues, widens
March 27, 2024 18:40 - 4 minutes - 4.2 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news natural events will likely have an increasing say in how the international economy operates. But first in the US, mortgage applications were lower last week again, and the good rises in the first two weeks of the month are fading. Even essentially unchanged mor...
The good global economic news keeps on coming
March 26, 2024 18:47 - 3 minutes - 3.53 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news that is increasingly positive in the world's largest economy. First up today, the retail signals in the US are quite positive. Their Redbook survey of bricks-and-mortar store shows sales rose +3.9% last week from the same week a year ago, handily besting infla...
US economic dominance rolls on
March 25, 2024 18:41 - 4 minutes - 3.76 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news the American economic juggernaut rolls on, dominating global markets. American new home sales levels in February missed estimates, but ~7% mortgage interest rates basically explain that. They eased by a minor -0.3% from January to an annualised rate of 662,000, ...
Japan reprises 1990s inflation; Australia reprises 2022 house prices
March 24, 2024 18:20 - 6 minutes - 5.51 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news all eyes are on China to see if they pull the trigger on their old stimulus playbook again. But first this week, the focal point in the United States will revolve around the PCE price indexes, and data on personal income and spending. Other key data include durab...
John Small on the Commerce Commission's recipe to tackle the banking oligopoly
March 23, 2024 18:00 - 28 minutes - 26.2 MBIn five years' time we would see things we can't imagine today if the Government adopts the Commerce Commission's recommendations to boost competition for personal banking services, Commission Chairman John Small says. Speaking about the Commission's draft report from its banking market study in the latest episode of interest.co.nz's Of Interest podcast, Small says he'll be interested to see what sort of response the Commission gets from the big four banks, ANZ, ASB, BNZ and Westpac, who it...
A number of surprises, mostly positive
March 21, 2024 18:47 - 5 minutes - 5.33 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with that is full of unexpected data and outcomes. US jobless claims fell last week to 190,000 and this was lower than expected. The number of people still on this unemployment insurance is lower too, at just over 2 mln. Neither signals growing labour market stress. The P...
US Fed still sees three rate cuts in 2024
March 20, 2024 18:40 - 3 minutes - 3.66 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news the Fed has held its policy rate unchanged at 5.5% but given strong signals cuts are coming - but later than markets were expecting. However they still see three cuts in 2024. The UST 10yr yield fell slightly on the news. The US dollar fell slightly too. Wall S...
Patrick Watson: US voters 'living in their own realities' including on the economy
March 19, 2024 18:30 - 29 minutes - 27.4 MBWith a United States presidential election looming in November, Patrick Watson, Senior Economic Analyst at Mauldin Economics, says it's difficult to say what the key economic battleground will be because many voters are "living in their own realities." Speaking in a new episode of interest.co.nz's Of Interest podcast, Watson says there's not a great deal of agreement on whether the US economy is even in good or bad shape. "If you ask Democrats, they mostly say the economy is fantastic. If ...
A big week of central bank rate reviews
March 17, 2024 18:22 - 6 minutes - 5.69 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news of a week of big policy announcements with some potentially very big implications. First all eyes will be on Japan's rate review (tomorrow, Tuesday). Strong wage gains in Japan, and by much more than expected, are fueling speculation that that Bank of Japan won't...
Unexpected rises push back Fed cut bets
March 14, 2024 18:33 - 4 minutes - 4.35 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news American data supports the Fed's cautious approach to its monetary policy management - pushing away imminent rate cuts. Benchmark rates have risen sharply. US new jobless claims came in less than expected when a rise was anticipated. There were less than 200,000 ...
Both China and the EU struggle with their economies
March 13, 2024 18:45 - 4 minutes - 4.49 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news China's inward turn is gathering pace as it fears foreign influence. But first, US mortgage applications rose strongly last week from the week before, up more than +6%. and that was because mortgage interest rates fell rather sharply, down nearly -20 bps in a ...
Cameron Murray: The Great Housing Hijack
March 13, 2024 18:30 - 39 minutes - 36.1 MBThe "cheer squad" make it hard to have a proper debate on housing, especially when looking to address the question of what we want from the housing market from a public policy perspective. So says Cameron Murray, Chief Economist at Fresh Economic Thinking, a new Australian think-tank. In the latest episode of interest.co.nz's Of Interest podcastMurray talks about housing and his new book The Great Housing Hijack. He describes the housing markets and attitudes to housing in Australia and New...
US inflation proving tough to stamp out
March 12, 2024 18:36 - 5 minutes - 4.74 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news the never-ending car crash that is China's residential property development sector, took another bump today. But first in the US, their inflation rate unexpectedly edged up to 3.2% in February, compared to 3.1% in January and above forecasts of 3.1%. The close...
The last bit is the hard bit
March 11, 2024 18:29 - 4 minutes - 4.1 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news about how hard it is to get the 'last mile' of above-policy inflation accomplished. American consumer inflation expectations for the year ahead remained stuck and sticky at 3% in February, the same as in the previous two months, and holding at three-year lows. B...
China tackles deflation
March 10, 2024 18:21 - 7 minutes - 6.66 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news China seems to have managed to arrest its deflationary mood with solid consumer spending in their Lunar New Year holiday. But first, in the week ahead, we get the important US CPI inflation rate on Wednesday, along with retail sales, producer inflation, the Michi...
Central banks get ready to change direction
March 07, 2024 18:43 - 5 minutes - 4.99 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news we seem to be "not far" from getting interest rate cuts from the central banks in the US and Europe - and perhaps an unusual hike from Japan. Tomorrow we get the important February US non-farm payrolls report, and today there are more precursor updates. The numb...
Benchmark rates fall in anticipation of inflation control gains
March 06, 2024 18:41 - 5 minutes - 4.82 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news the US Fed says it needs to see more progress on inflation before it considers a rate cut. But they hinted that a cut could be coming later this year. That was enough to see markets worldwide start pricing that in. Benchmark interest rates retreated everywhere. ...
Commodity prices generally in retreat
March 05, 2024 18:39 - 4 minutes - 4.55 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news that with a few notable exceptions, commodity prices are soft across the board. The overnight dairy auction brought a -2.3% retreat, principally because the powder prices fell. WMP was down -2.8% and SMP was down -5.2%. However cheese was up +4.0%, that only i...
Gold and bitcoin surge. Surprising real-world energy progress
March 04, 2024 18:13 - 4 minutes - 4.37 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news that non-China Asia seems to be on the rebound, and it is not just India driving it. Japanese corporate spending on plant and equipment in Q4-2023 jumped an unprecedented (and surprising) +16.4% from the same period a year earlier. It was very much more than was...
Global factory optimism returns
March 03, 2024 18:21 - 6 minutes - 5.51 MBKia ora, Welcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news the world's factories are signaling quite varied status indications. But overall February saw global manufacturing show signs of renewed vigour. Output expanded for the second successive month, supported by the first increase in new order intakes since June 2022. ...
David Mahon: China's post-Covid hangover, NZ flirting with joining AUKUS & more
March 02, 2024 17:00 - 34 minutes - 31.7 MBChina's economy remains mired in a post-Covid hangover like much of the rest of the world, but the technology, catering and tourism sectors are encouraging, according to David Mahon. Mahon, the Beijing-based Managing Director of Mahon China Investment Management, spoke to interest.co.nz in the latest episode of our Of Interest podcast. The relative weakness of the Chinese economy, compared to its rapid expansion of recent decades, amid ongoing concerns about the property market and deflati...
Indian economy grows spectacularly
February 29, 2024 18:52 - 5 minutes - 4.81 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news India is the world's bright economic star at the moment. But first in the US, the actual number of people claiming jobless benefits fell last week, but by less than expected to 194,000. Continuing jobless claims were unchanged at 2.1 mln, still the highest since ...
NZ currency and rates get adjusted lower
February 28, 2024 18:57 - 5 minutes - 4.6 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news the New Zealand currency and interest rates have fallen after the RBNZ dovish no-change Monetary Policy Statement as markets removed the factors that had priced in some risk for a rise. Firstly in the US, mortgage applications fell again last week and are now -...
Pullbacks everywhere
February 27, 2024 18:37 - 4 minutes - 4.41 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news American data is weaker today, and China is on a sharp turn inward. But first we should note bitcoin's sharp rise in price. However the surge seems to have run out of steam as you read this. But it is enough to note that prices are back to November 2021 high l...
Some markets hover near records, others retreat
February 26, 2024 18:32 - 4 minutes - 3.69 MBKia ora, Welcome to Tuesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news ahead of tomorrow's closely-watched RBNZ OCR decision. First in the US, new home sales rose but by less than expected. The tame result continues a now-long trend of sales levels that are not really growing. Of concern in this market is that they now have over ei...
Neither foreign investors nor Chinese house buyers like what they see
February 25, 2024 18:11 - 4 minutes - 4.26 MBWelcome to Monday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news China is having a tough time sharking off its housing blues. However in the week ahead, the Americans will release PCE data that will be closely watched. They will also release updates for the ISM Manufacturing PMI, the second estimate of GDP growth rate, durable goods ord...
Nvidia stars in expanding global economy
February 22, 2024 18:35 - 4 minutes - 4.35 MBKia ora, Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news that while all the market chatter is about the spectacular rise of Nvidia and the emergence of AI as a "new industry", the rest of the global economy seems to be generally expanding modestly. But first up, we should note it is a public holiday in Japan, the world...
China imposes new stock market trading rules to prevent falls
February 21, 2024 18:33 - 3 minutes - 3.64 MBKia ora, Welcome to Thursday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with news markets are awaiting signals from the minutes of the late January Fed meeting. In the US, mortgage applications fell rather sharply last week, down more than -10% from the prior week to be -13% lower than a year ago. A key reason for the sharpish pullback was a...
Back from holiday to lackluster prospects
February 20, 2024 18:34 - 4 minutes - 4.15 MBKia ora, Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. And today we lead with both the US and China are both back from holiday breaks - to lackluster prospects. But first, the GDT dairy auction earlier today resulted in little overall change (+0.5%), although the strengthening NZD did push the result in local currently lower (-1.1%). This au...