Tony Alexander

Economic Commentaries

European Meeting Outcome Awaited

Thursday December 8th 2011

This week we have included extensive coverage of the NZ real estate market using data and feedback from our two monthly surveys along with discussion of the monthly Barfoot and Thompson data for Auckland and The Economist magazine analysis suggesting NZ house prices are over-valued 25%. We look also at some fairly weak manufacturing data released this morning (non-meat and dairy processing down 1.1%), the reasonably well entrenched downward trend in spending on cars revealed in monthly registrations data, and a 2.3% fall in construction during the September quarter.