Tony Alexander

Economic Commentaries

The full pdf version of the Weekly Overview is contained here.

Consumer Spending Lifts

Thursday August 15th 2013

Retail spending jumped firmly during the June quarter but the 8% annualised pace of growth is unlikely to be sustained. The good data however, in conjunction with some better than expected numbers in the UK, Europe, China and the United States have pushed up both the NZD this week as well as fixed borrowing costs. The latter are on a multi-month uncertain oscillation upward which borrowers should be keeping a close eye on.