New Zealand's Inflation Outlook More Encouraging -- Market Talk

Partial New Zealand price data have come in lower than expected, prompting Westpac to downgrade its second quarter inflation forecast. Westpac senior economist Satish Ranchhod now expects a 2Q CPI rise of 0.6% on quarter, down from a previous forecast for a 0.8% increase.

WSJJun 13 21:10 ET

New Zealand's Business NZ PMI Contracts to 47.2 in May Vs. 48.9 Prior

New Zealand’s Business NZ Performance of Manufacturing Index (PMI) contracted to 47.2 in May from the previous reading of 48.9, according to Business NZ on Friday.

FXStreetJun 13 18:33 ET

New Zealand's Trade Deficit Narrows in Q1

New Zealand posted a trade deficit of NZ$1.4 billion in the first quarter of 2024, down from the NZ$2.6 billion deficit recorded in the March 2023 quarter, Stats NZ said in a release filed on Wednesday.

MT NewswiresJun 4 22:49 ET

Willis Says New Zealand Budget Is Friend, Not Foe, to RBNZ

New Zealand Finance Minister Nicola Willis insisted her first budget won’t keep interest rates high for longer even as economists warned it may complicate the central bank’s efforts to tame inflation.

BNN BloombergMay 30 18:22 ET

New Zealand Budget Forecasts Return to Budget Surplus in 2027

SYDNEY--The New Zealand government forecast a return to a budget surplus by 2027-2028, but warned of an increasingly difficult economic backdrop in the interim with the economy suffering through an extended recession.

WSJMay 29 23:49 ET

New Zealand Government Cuts Taxes Even as Budget Deficit Widens

New Zealand's new center-right government delivered on its election promise to cut taxes in its first budget even as the Treasury forecast bigger deficits and a delayed return to surplus.

BNN BloombergMay 29 22:25 ET