New Zealand exporters may start feeling better about their
prospects after the United States Federal Reserve yesterday
calmly signalled higher interest rates were on the way.
Business, accommodation and food services all combined to
drive up gross domestic product (GDP) for the year to June to
3.9% growth, marking the measurement's highest level in seven
''Encouraging without being spectacular'' was how New Zealand
Merino Company commercial manager Keith Ovens described this
week's wool sale in Melbourne.
Economists have signalled a milk price forecast as low as the
mid-$4 range for the 2014-15 season after a flat result in
this week's GlobalDairyTrade auction.
Skilled vacancies are reaching highs in Otago-Southland and
the region is one of seven, out of 10 in New Zealand, showing
a shortage of skilled workers.
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