Welcome to the online library we have created for placing reports and specialised commentaries too large or detailed to go into our flagship publication the BNZ Weekly Overview.
The BNZ Weekly Overview is sent out each Thursday night to over 28,000 subscribers. The publication covers the latest data on the NZ economy, the housing market, interest rates, and foreign exchange.
BNZ Confidence Survey
The survey is sent out to each of the 28,000 subscribers to the BNZ Weekly Overview on the first Thursday of each month and results are published the following Monday. It is the most up to date gauge of changes in business sentiment in New Zealand and accurately picks changes which subsequently appear in other surveys released with lags of many weeks.
Weekly Overview – March 6
Thursday March 6th 2014
This week we have learnt that businesses in New Zealand intend hiring a lot of people and investing a lot in capital equipment. Unsurprisingly then with this sort of positive sentiment the NZD has risen back above 84 cents against the US dollar.
Consumer Confidence High
Tuesday March 4th 2014
Our monthly survey with Nine Rewards has found that a net 45% of our 553 respondents are confident that the economy will improve over the coming year. This strong result is consistent with many other sentiment indicators but does not as yet appear to be leading to a widespread willingness by consumers to open their wallets. While there is an upward trend in thoughts of buying a car this is not the case yet for furniture and appliances.
Weekly Overview – Feb. 27
Thursday February 27th 2014
This week little has happened in the FX and interest rate markets beyond a reminder of strong support for the NZD from high commodity prices with Fonterra announcing another payout rise, plus a little bit of downward interest rate pressure from doubts over US growth.
Weekly Overview – Feb. 20
Thursday February 20th 2014
Wholesale interest rates and the NZD have not moved by much over the past week. The NZD remains as well supported as ever by accelerating NZ growth and expectations of interest rates rising from March 13.
Seller’s Market Returns
Monday February 17th 2014
All of the measures we use to gauge the strength of the residential property market have improved this month compared with our last survey undertaken in early-December. Most notably a net 5% of the 469 responding agents now feel that it is once again a seller’s market compared with a net 16% in December and 17% in November who felt it was a buyer’s market.