Inflation is likely to have fallen below 1% in the year ended
December and a flat outcome of 0% is expected for the three
months ended December, as lower oil and food prices make
South Island employment confidence has taken a hit due to a
variety of reasons, including the lower Fonterra payout and a
perceived lack of job opportunities.
Dairy production is likely to slow below previous forecasts
as parts of Canterbury and Otago dry off and water
restrictions kick in, ASB rural economist Nathan Penny says.
Households should be feeling the benefit of continuing low
food prices, complementing the ongoing fall in fuel prices,
according to the latest Statistics New Zealand data.
There would be no surprise if listed New Zealand retailers
started issuing profit downgrades following the release
yesterday of flat electronic card transactions data, Craigs
Investment Partners broker Greg Easton said.
A more favourable exchange rate and strong demand,
particularly for beef, meant an improvement for meat export
returns in the three months to December, Beef and Lamb New
Zealand figures show.
New Zealand's agritechnology exports are worth about $1.2
billion annually and have the potential to grow to about $1.8
billion, research out yesterday shows.
A comparison of between New Zealand's agritechnology exports
and its key competitors shows New Zealand is underperforming
in size but is showing good growth.
Speculation the New Zealand and Australian currencies may
reach parity is causing volatility in the Australian currency
as the country faces a slew of confidence-affecting issues.
Investors need to make a psychological switch in the way they
think of receiving returns on their investments, as interest
rates look likely to stay low for at least the next five
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