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Recent releases

Students make #NewZealand #migration trend A continuing surge in student arrivals, rising arrivals on work visas, and the smallest number of people leaving to Australia since August 2004 have combined to drive annual net migration up to 49,836 people in the November year. With labour market conditions remaining attractive for migrants, net migration will rise further in the coming months. Read more

Visitor arrivals lift sharply in November Overseas visitor arrivals soared 3.1% (seasonally adjusted) in November to sit 7.7% higher than a year earlier. Arrivals growth was broad-based across most major source countries. Read more

Commentary

Further upside to economic growth unlikely GDP data released this week showed the New Zealand economy grew strongly through the middle stages of the year. According to Statistics NZ data, the economy expanded by 1.0% (seasonally adjusted) in the September quarter, following a revised 0.7% increase the previous quarter. On an annual basis, the New Zealand economy grew by 2.9% over the year to September. The key drivers of strength during the September quarter from an industry perspective were agricultural production and oil/gas exploration, while expenditure data showed that there was a sharp upturn in household spending and investment into plant and machinery by firms.
Dear Bill, please stop the student loan parasites Inflation, slow repayments, and bad debts have led to $5.5bn worth of write-downs to the carrying value of outstanding student loan debt in the Government’s books. This is an open letter to Finance Minister Bill English, requesting that Mr English tightens student loan repayment criteria in order to minimise the costs of parasitic behaviour by graduates who exploit current repayment regulations. Read more.

Is Big Brother about to enter the Japanese used car market? New Zealand used car buyers have long enjoyed the absence oftheir Trans-Tasman neighbours in the Japanese used car market.  However,expectations are mounting that this situation could change by 2017 once theAustralian car manufacturing industry closes up shop.  This article examinesthe competitive threat this situation poses for New Zealand used car buyers inJapan. Read more.

Latest Forecasts

Best before: February 2014

If you’ve gone to the fridge and taken a swig of milk from the bottle lately, you will have noticed it’s got lumps in it – which is hardly surprising when you look at the “best before” date. Prospects for the dairy payout and GDP growth looked pretty tasty back in February, but things have soured markedly throughout the course of this year.