The number of new dwelling consents issued south of the
Waitaki River, and their value, took a hit in August as the
main focus of activity in New Zealand continued to be in
Auckland and Canterbury.
September business confidence has bounced back after five
consecutive months of falls but it is too early for
Clothing chain Hallenstein Glasson (HLG) yesterday reported
an improved profit for the year ending June and increased its
dividend payout, while warning future margins may be
Lakes District and Central Otago businesses made their mark
in the Deloitte Fast 50 Otago and Lower South Island list of
regional winners announced in Dunedin last night.
The Government's new capital gains tax on people selling
residential property within two years of buying it comes into
effect today with what some believe are unforeseen
New Zealand's lazy data ride this week ends today with the
centrepiece being the ANZ business confidence survey, due for
release this afternoon.
Falling mortgage rates are starting to provide some relief to
people trying to buy a home, the latest Massey University
home affordability report shows.
New Zealanders have become increasingly concerned about the
state of the labour market and a weakness in earnings growth
is emerging as a key worry.
International forces remain a major influence on the economy,
Reserve Bank governor Graeme Wheeler says.
International trade between New Zealand and the European
Union should be freed up, BusinessNZ chief executive Phil
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