Category: economy
-
NZ Household Saving Declines by $392 Million in March 2025 Quarter
New Zealand household saving experienced a significant drop of $392 million, falling to -$1.6 billion in the March 2025 quarter. Stats NZ reported that this decrease is attributed to household spending outpacing disposable income. Negative saving indicates that households are…
BusinessEconomyFinancial MarketsAustralasia Household SavingStats NZNet Disposable IncomeSalaries and WagesPersonal FinanceWellingtonStatistics New Zealand
-
Media Monitor: RNZ reports on new shoplifting fines in New Zealand
Radio New Zealand is reporting that shoplifters in New Zealand could soon face on-the-spot fines up to $1,000 as part of a government crackdown. Justice Minister Paul Goldsmith and Associate Justice Minister Nicole McKee announced the new infringement regime on…
Politics and GovernmentLaw EnforcementLegalBusinessHealthWorldSportWhite HouseFederal GovernmentSocial IssuesEconomyMedical ScienceMiddle East Radio New ZealandshopliftingPaul GoldsmithNicole McKeecrimegovernmentRNZ News
-
FMA Releases Performance Expectations for 2025/26
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has released its Statement of Performance Expectations (SPE) for 2025/26. The SPE details how the FMA will measure and report its progress against targets, including financial forecasts for the…
-
New Zealand Home Consents Drop 3.8 Percent Annually
Aotearoa New Zealand saw a 3.8 percent decrease in new home consents in the year ending May 2025, with a total of 33,530 homes approved, according to Stats NZ. Despite this dip compared to the previous year, the numbers have…
BusinessPolitics and GovernmentAustralasiaEconomyReal EstateState Governments home consentsStats NZhousingMichelle FeyenBuilding permitsStatistics New Zealand
-
Media Monitor: Consumer NZ Reports Ineffective Medicines Still Sold
Consumer NZ is reporting that supermarkets and pharmacies in New Zealand continue to sell cold and flu medicines that have been proven ineffective. Consumer NZ said it asked supermarkets and large pharmacy chains why these products are still being sold.…
BusinessHealthWeatherEconomyBankingMedical ScienceEnergySocial Issues Consumer NZcold medicineflu medicinepharmaciessupermarketsretail
-
ACT Claims Victories in Funding Boost and Infrastructure Plan
ACT has highlighted its recent activities, including renaming a government agency, criticizing a high-cost toilet project in Wellington, and securing increased funding for general practitioners (GPs). The party claims these actions demonstrate its commitment to delivering results and addressing what…
Politics and GovernmentHealthEconomyLaw ACT PartyWellington City CouncilKaren ChhourDavid SeymourGovernment FundingInfrastructure PlanLocal ElectionsACT Party NZ
-
NZ Annual Enterprise Survey Shows Income Increase
New Zealand's annual enterprise survey (AES) reveals a $51 billion (5.5 percent) increase in total income, reaching $980 billion for the 2024 financial year. Total expenditure also rose by $26 billion (3.1 percent) to $857 billion. Businesses saw a $16…
BusinessEconomyFinancial MarketsAustralasia Annual Enterprise SurveyFinancial StatisticsFinancial PerformanceIncomeExpenditureStatistics New Zealand
-
Napier City Council Adopts 2025/26 Annual Plan Following Public Consultation
The Napier City Council has adopted its 2025/26 Annual Plan, incorporating feedback from residents. The plan outlines budgets and activities for the upcoming year, including keeping the Napier Library open until its relocation in 2027. Napier Mayor Kirsten Wise emphasized…
Politics and GovernmentBusinessState GovernmentsEconomy Napier City CouncilAnnual PlanNapier LibraryKirsten WiseRatesHawke's BayGovernment Funding
-
FMA Releases Financial Conduct Report, Outlining Key Priorities for the Year Ahead
The Financial Markets Authority (FMA) has released its Financial Conduct Report, outlining key priorities for the financial sector in the coming year. This annual report aims to provide transparency and clarity to banks, insurers, investment managers, capital markets, and financial…
BusinessPolitics and GovernmentFinancial MarketsEconomyBankingLegal Financial Markets AuthorityFinancial Conduct ReportSamantha Barrassfinancial regulationinvestmentfraudfintechNZ Financial Markets Authority
-
New Zealand's Goods Exports Rise by 9.7% in May 2025
New Zealand's goods exports experienced a significant increase in May 2025, according to the latest overseas merchandise trade statistics. Compared to May 2024, exports rose by $676 million (9.7 percent), reaching $7.7 billion. Conversely, goods imports saw a decrease of…
BusinessTradeEconomyAustralasia exportsimportstrade balanceoverseas merchandise tradestatisticsGovernment StatisticianStatistics New Zealand
-
NZ Labour Force Growth to Slow, Ageing Workforce Projected
New Zealand's labour force is projected to grow, but at a slower pace in the long term, according to national labour force projections. The projections, which cover the period from 2024 to 2078, also indicate an ageing labour force, reflecting…
BusinessPolitics and GovernmentAustralasiaEconomyEmployment and LaborGovernment labour forceprojectionsageing workforceemploymentHousehold Labour Force SurveyGovernment StatisticianStatistics New Zealand
-
Media Monitor: One News reports Trump announces Iran-Israel ceasefire
One News is reporting that U.S. President Donald Trump announced a ceasefire agreement between Iran and Israel. One News reports that neither Iran, nor Israel, has confirmed the agreement.
Politics and GovernmentWorldMiddle EastBusinessLaw EnforcementSocial IssuesScience & TechnologyMediaEconomy One NewsDonald TrumpceasefireIranIsraelagreementpoliticsOne News NZ
-
Media Monitor: ACC Faces $50M in Abuse Claims After Ruling
Radio New Zealand is reporting that a Court of Appeal ruling has cost ACC $50 million so far. The 2023 TN vs ACC ruling allowed more childhood sexual abuse survivors to receive financial compensation. ACC estimated the ruling, along with…
Politics and GovernmentHealthBusinessWorldSportMusicSocial IssuesMiddle EastEuropeEconomyLegal ACCCourt of AppealTN vs ACCHelen GregoryJulia DeLuneyIsrael-Iran conflictRNZ News
-
Media Monitor: Consumer NZ Names Top Electric and Hybrid Cars for 2025
Consumer NZ is reporting its experts have compiled a buying guide and test results to compare the best electric and hybrid cars of 2025. It said the guide makes it easy to find vehicles that are affordable to run and…
BusinessScience & TechnologyAustralasiaEconomyEnvironmentTransportation
-
CAA Announces New Director and Outlines Key Aviation Updates
The Civil Aviation Authority (CAA) has announced Kane Patena as the next Director of Civil Aviation and Chief Executive, effective September 1, 2025. This announcement was made as part of a regular briefing from the CAA to the aviation industry,…
Politics and GovernmentBusinessScience & TechnologyWorldTransportationEducationAustralasiaGeneral PoliticsFederal GovernmentEconomyTradeLegalAviationSecurity
-
New Zealand GDP Rises 0.8 Percent in March 2025 Quarter
New Zealand's gross domestic product (GDP) saw a 0.8 percent increase in the March 2025 quarter, according to figures released today by Stats NZ. This follows a 0.5 percent increase in the December 2024 quarter. Activity in the March 2025…
BusinessEconomyTradeFinancial MarketsAustralasia GDPStats NZKatrina DewberyEconomic GrowthManufacturingBusiness ServicesStatistics New Zealand
-
Media Monitor: New Zealand Approves Magic Mushrooms, Scraps Census
1 News is reporting that Medsafe has approved the sale of over-the-counter melatonin and the prescription of medicinal psilocybin. It said melatonin, used for insomnia and jet lag, will soon be available in pharmacies without a prescription. Also, New Zealand…
HealthPolitics and GovernmentLaw EnforcementSportMedical ScienceGeneral PoliticsEconomySocial Issues MedsafemelatoninpsilocybincensusGreazy Dogs MCHamiltonPaula SouthgateOne News NZ
-
New Zealand's Current Account Deficit Narrows Slightly to $5.5 Billion
New Zealand's seasonally adjusted current account deficit saw a slight decrease of $53 million, settling at $5.5 billion in the March 2025 quarter, according to Stats NZ. The figures, released today, indicate a marginal shift in the nation's financial flows.…
BusinessTradeEconomyAustralasia current account deficitStats NZViki WardMarch 2025 quarterFinancial performanceEconomicsStatistics New Zealand
-
NZX Receives Positive Regulatory Report from FMA
The NZX has received a positive regulatory report from the Financial Markets Authority (FMA), which found it met its obligations and is pursuing further enhancements. The annual NZX Market Operator Obligations Review, released today, assessed NZX's adherence to its market…
BusinessPolitics and GovernmentAustralasiaFinancial MarketsEconomyLegal
-
New Zealand to Modernize Data System with New Census Approach and Monthly CPI
Sweeping changes to New Zealand's data system have been announced by Minister of Statistics Hon Dr Shane Reti, promising a more modern and future-focused approach to producing economic and population statistics. Stats NZ will move towards an admin-data-first census and…
Politics and GovernmentBusinessAustralasiaEconomyFederal GovernmentTradeEducation data systemShane RetiMary CraigcensusCPIstatisticsStatistics New Zealand
-
Media Monitor: Firefighters Battle Auckland Supermarket Blaze
Radio New Zealand is reporting that dozens of fire crews are battling a blaze at a central Auckland supermarket. It said the fire at the New World supermarket in Freemans Bay broke out around 11 a.m. Tuesday. All customers and…
Politics and GovernmentHealthBusinessWeatherWorldSportGeneral PoliticsFederal GovernmentEconomyMedical ScienceDisastersEmployment and LaborMiddle East Radio New ZealandAucklandNew World supermarketFreemans BayHealth NZElliot CameronFrances Anne PhelpsRNZ News
-
Media Monitor: Auckland Supermarket Fire, RNZ Redundancies, Food Price Increase
Media Monitor: 1 News is reporting that a fire at an Auckland supermarket is still not under control, and firefighters are expected to remain at the scene overnight. Fire and Emergency NZ said crews were alerted to the fire at…
WorldPolitics and GovernmentBusinessMiddle EastEconomyGeneral PoliticsFinancial MarketsTradeReal Estate AucklandSupermarket FireRNZRedundanciesFood PricesStats NZNew World Victoria ParkOne News NZ
-
Federated Farmers Call for Rejection of 'Ute Tax 2.0'
Federated Farmers is urging Revenue Minister Simon Watts to dismiss proposed changes to the Fringe Benefit Tax (FBT) concerning utes, vehicles widely used by farmers in New Zealand. According to Federated Farmers, these changes could impose thousands of dollars in…
Politics and GovernmentBusinessAgricultureEconomyFederal GovernmentTrade Federated FarmersSimon WattsFringe Benefit TaxFBTUte TaxTaxationFarm
-
New Zealand Housing Density Increases, Affordability Still a Challenge
A report released today by Stats NZ reveals shifts in New Zealand's housing landscape, marked by increased density and a rise in multi-unit homes. While home ownership has improved, affordability remains a significant hurdle for many. The report, titled *Housing…
BusinessPolitics and GovernmentAustralasiaEconomyReal EstateSocial Issues HousingAotearoaHome OwnershipHousing AffordabilityStats NZStatistics New Zealand
-
New Zealand Food Prices Increase 4.4 Percent Annually
Food prices in New Zealand have risen 4.4 percent in the year to May 2025, according to Stats NZ. This follows a 3.7 percent increase in the year to April 2025. The rise was driven by higher prices for the…
BusinessEconomyTradeAgriculture Food PricesStats NZInflationGrocery FoodMeatNicola GrowdenStatistics New Zealand
-
Federated Farmers Demand Rates Overhaul to Alleviate Rural Burden
Federated Farmers is calling for significant changes to council funding and spending to address the concerns of rural ratepayers who feel they are unfairly burdened. Local government spokesperson Sandra Faulkner says councils need to cut wasteful spending and distribute the…
Politics and GovernmentBusinessEnvironmentState GovernmentsEconomyAgriculture Federated FarmersSandra FaulknerLocal GovernmentRatesRuralElectionsClimate Policy
-
Media Monitor: NZ Sick Leave, Vape Rules, International Tensions
Media Monitor: 1 News is reporting that the New Zealand government's sick leave policy is under scrutiny after Prime Minister Christopher Luxon suggested potential cuts to entitlements. The minister responsible for reviewing the policy clarified that there are no plans…
Politics and GovernmentHealthWorldEntertainmentBusinessMiddle EastUnited StatesSocial IssuesGeneral PoliticsFederal GovernmentMedical ScienceTradeFilm and TVLaw EnforcementEconomyLabour Party sick leavevapeIsraelIranMinnesotaSamoanfashionOne News NZ
-
Consumer NZ Seeks Nominations for 'Yeah, Nah' Awards, Highlights Sunscreen Failures
Consumer NZ is calling for nominations for its annual Yeah, Nah Awards, which highlight disappointing products and services. Nominations are open until June 30. In other news, Consumer NZ recently tested 20 sunscreens, finding that 11 did not meet their…
BusinessHealthScience & TechnologyWorldEconomyEnergyMedical Science Consumer NZYeah, Nah AwardsSunscreenFrank EnergySunbedsBNPLProduct Recall
-
Media Monitor: RNZ Reports Embassy Closure, Investigation
Radio New Zealand is reporting that the Embassy of Israel in Wellington is closing amid international conflict. RNZ said the closure is part of a worldwide shuttering of the country's diplomatic missions. In other news, a scheduled test of Christchurch…
WeatherSportPolitics and GovernmentBusinessWorldScience & TechnologyMiddle EastDisastersFinancial MarketsLaw EnforcementEducationGeneral WeatherEconomySocial IssuesEnvironment Embassy of IsraelWellingtonChristchurchLachlan JonesGorePolice investigationDiplomacyRNZ News
-
Media Monitor: RNZ reports on Israeli strikes in Iran, investigator reviewing ex-cop's rape conviction
RNZ is reporting that Israel has conducted strikes on what it claims are military and nuclear sites in Iran. It said that Israel has declared a state of emergency, with Defence Minister Israel Katz suggesting retaliation from Tehran is possible.…
WorldPolitics and GovernmentHealthBusinessSportMiddle EastAsiaMedical ScienceEconomyTradeLaw EnforcementPolitical