Sour note on risk sentiment

Risk appetite has begun the new week on a sour note, with weaker global equity markets, lower global rates and USD strength continuing, says Jason Wong at BNZ Markets. “Many currencies have printed fresh multi-year or multi-decade lows against the strong USD. The NZD...
Levelling off in retail spending

Levelling off in retail spending

11.7.22 Retail spending effectively stalled in June in the face of continued price rises and growing pressure on household budgets, according to Westpac. Spending levels nudged higher in June, rising by just 0.1% over the month. “The main factor underpinning that rise...

Declining sales impact small business 

10.7.22 Despite faster wages and jobs growth in May 2022, the impact of slower sales growth saw the Small Business Index fall 9 points to 119 points in May, still well ahead of the average score of 100, reports Xero.. Annual sales growth is still positive at 5.7...

Kiwi SME wages higher – Xero

10.7.22 Xero, the small business software platform, recently released its Xero Small Business Index for May 2022, which showed Kiwi small business wages and jobs grew in May - bucking the international trend. Wages grew 5.3% year-on-year (y/y) in May which is the...

Inflation pressures still intense –  ANZBO

  30.4.22 Business confidence remained very low in April, while own activity lifted another 5 points, as Omicron disruption waned, according to the latest ANZ Business Outlook. “Inflation pressures remain intense, with inflation expectations sharply higher, though...

Sky secures Premier League NZ rights

21.2.22 Sky New Zealand has secured the exclusive rights for the Premier League for the next six years, starting with the upcoming 2022/23 season. The Premier League joins Sky’s strong international and domestic football line-up, including the A-Leagues featuring the...