The annual rate of inflation is expected to nudge higher, largely caused by rising fuel costs during the past quarter.
Turmoil continued across the world’s sharemarkets yesterday. Asia was worst hit, while losses across the major US indexes eased but remained in negative territory.
Sharemarket volatility ramped up around the world mid-week as major bourses lost between 2% and 4% off some of their main indexes.
Spring is coming late for the real estate sector, with house sales down on a year ago, but prices rose across most of the country, with both Otago and Southland making solid gains.
Food prices for consumers were almost unchanged overall during September, although vegetable prices fell 8.7% for the month, led by lower prices for lettuce, tomatoes and cucumbers.
New Zealand Oil & Gas (NZOG) says it has not sought exploration permit extensions for its two permits in the South, one off the coast from Oamaru and the other south of Dunedin.
Steel & Tube has told shareholders it is rejecting Fletcher Building's hostile $282 million takeover offer, saying the $1.70 per share is its too low and Commerce Commission clearance would...
Global sharemarkets yesterday continued to wither under the glare of US-China trade tensions, further compounded by the effects of holidays in China, Japan and the United States.
The Coalition Government has delivered a higher than expected surplus for its year to June, posting a headline $5.5 billion surplus — $2.4 billion above Treasury forecasts.
High export volumes have underpinned heavy commercial vehicle sales in September, while new light truck sales were flat, potentially because of the vehicle bottleneck created by the stink bug biosecurity scare.
A $6m development starting in the Cardrona Valley next year will showcase a new eco-friendly radiata pine product, used as cladding for both internal and external use.
Consumers appear likely to be the hardest hit as the US dollar continues to strengthen and the kiwi nears lows not seen in almost three years.
Record petrol prices are the latest headache for the Coalition Government, with increasing calls for taxes - which currently make up about 43% of the cost of a litre of fuel - to be reined in.
Otago businesses are reflecting the national downturn in confidence reported in other surveys, due especially to upward wage pressure and staff shortages.
Forestry prices have eased back from the record highs hit in July, but returns are picked to remain positive for the rest of the year.
Fletcher Building may have to consider upping its offer for Steel & Tube, but the biggest hurdle may be gaining Commerce Commission clearance.
Shares in Steel & Tube remained elevated yesterday following Fletcher Building's surprise $282million takeover bid earlier in the week.
The Department of Conservation says no decision has been made on details surrounding its controversial proposal to cull 17,500 Himalayan mountain tahr across the Southern Alps.
Farmers' confidence appears to have gone the way of recent business sentiment, with dairy farmers especially tipping Rabobank's quarterly survey into negative territory for the first time since 2016.
Bitter weather conditions around New Zealand during the past two weeks prompted a large spike in lamb and calf deaths, but the season is on track to reflect five-year averages.