Tony Alexander

Economic Commentaries

I’ve been writing a weekly column for NZ regional newspapers since 1998. Columns produced since the start of 2011 are included on this page.

NZD Weakens A Tad

Sunday May 19th 2013

Expats considering returning to New Zealand have received some slightly better than traditionally bad currency news in the form of the NZ dollar falling back toward 53 pence.

Migration Gains Rising

Sunday May 19th 2013

Net migration inflows into New Zealand are rising with a seasonally adjusted gain in March of 1,220, February  720, and January 420. At this pace the annual net inflow will reach the ten year average of 10,000 within maybe five months. The actual net annual gain to March was 2,542 from a loss of 3,383 […]

Labour Market Getting Better

Sunday May 19th 2013

New Zealand’s labour market is improving but not yet at a rapid pace. Although job numbers soared by 1.7% during the March quarter the data have been very volatile recently and if we smooth the outcomes we get more sensible underlying growth near 0.4% a quarter or 1.6% annualised. That is below growth which averaged […]

Housing Market Rising

Sunday May 19th 2013

House prices continue to rise in New Zealand while listings are in short supply and buyers remain out in force – though not in a frenzy.

UK Kiwis In Good Heart

Sunday May 19th 2013

This month I spent about a week in London meeting many groups of Kiwi expats and speaking at a function for the NZ Business Women’s Network, between attending conferences in Belgium and examining the banking collapse in Cyprus.

Budget and Visiting Christchurch

Thursday May 16th 2013

The Finance Minister Bill English this afternoon delivered his fifth Budget and for the first time was able to present a reasonably positive outlook with growth in the economy accelerating as the Christchurch rebuild gets underway, investment grows in the agricultural sector, commodity prices perform well, and building in Auckland also moves upward.

NZD Corrects Downward Slightly

Thursday May 16th 2013

The Kiwi dollar has undergone a sizeable fall against the greenback over the past week (but not the Australian dollar) and exporters are being presented with some improving levels for boosting their hedging. This evening the NZD was trading near US 82.2 cents compared with 84.6 cents a week ago. The NZD has also declined […]

US Outlook Okay But Not Booming

Thursday May 16th 2013

I’ve not much to write here this week even though there are always things of interest happening in the countries of interest to us. In Australia the story is one of the economy not performing as well as expected with weakness induced in some sectors by the high AUD.

Housing Market Still Rising

Thursday May 16th 2013

The REINZ reported this week that in April there were 7,104 dwellings sold around New Zealand. This was a decrease from 8,128 in March but March is almost always the strongest month of the year so we read nothing into that monthly change. In fact in rough seasonally adjusted terms sales actually firmed in April […]

Mild Upward Pressure

Thursday May 16th 2013

We have seen some mild upward movements in wholesale interest rates further out along the yield curve this past week driven largely by slightly higher yields in the United States rather than any shift of NZ monetary policy expectations. The US ten year government bond yield has climbed this week to 1.93% (peak was 1.97%) […]

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38