The jobless rate rise to 5.3% in the September quarter is the highest since late 2016.
Retail spending fell more than 1% in May, with broad falls across all categories, reports Stats NZ.
Xero report found there was a 6.1% slump in national productivity last year.
New Zealand's weak economy likely to diminish appeal from prospective migrants, says Westpac senior economist Michael Gordon.
The central bank will also ease loan-to-value restrictions from July 1.
RBNZ deputy governor Christian Hawkesby tells NBR cuts are not on the cards in the near term.
‘We will need to stay awake and aware,’ governor Adrian Orr said, as financial markets reacted to yesterday’s OCR statement.
The RBNZ has left the official cash rate on hold this afternoon – as widely expected.
Robyn Walker highlights the lumpy revenue risks and complexity of a CGT.
Slower spending and investment continued over early 2024, Infometrics’ quarterly economic report reveals.