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Households

Shredded-Money-2022

In this article Principal Consultant, Rob Heyes, looks how households have fared with recent cost-of-living pressures. For many households, income growth has kept pace with cost increases. But there’s evidence that increasing numbers of households have been facing economic hardship since the start of the pandemic and are likely to continue to do so for the rest of this year at least. Read


Suburb seen rom Mount Eden Summit in Auckland

Renters across New Zealand are feeling the squeeze as annual new rentals inflation reaches 5.1%pa. Excluding the mid-2022 peak, annual average rental inflation over the year to February 2024 is at its fastest rate since this series began in 2008. Read


We economists can be a tactless bunch. Last week’s announcement that the economy had contracted for the fourth time in five quarters was greeted with comments about how the recession was necessary, and that the extent of the contraction only highlighted to serve how overheated... Read


Napier_electric vehicle_2.jpg

Electric vehicle (EV) uptake in New Zealand has been accelerating over the last few years. Uptake was helped along with financial incentives including the Clean Car Discount scheme and the exemption of EVs from paying road user charges (RUC). With the discount scheme gone and EV owners about to start paying RUC, the trajectory is likely to change. Read


North Island supermarket chiller - June 2023

High inflation in recent years has prompted much discussion about how households are adjusting their spending to cope. Although wages have been increasing too, meaning that households can also afford more, we haven’t had a clear idea of the changing preferences and priorities that dictate what households are spending more or less on. Read


A blue neon sign on a black wall

Wholesale interest rates fell sharply last week, with the two-year swap rate falling 29 basis points on 14 December. Rates are now sitting at a nine-month low, adding downward pressure to retail interest rates. Lower mortgage rates could potentially stimulate economic activity when the battle agains... Read


City skyline during night time

This article explores recent patterns in domestic or internal migration between 2021 and 2022 using a new dataset from Stats NZ, exploring potential factors that shape the flow of Kiwis throughout the country. Read


Record high net migration over the past year has been a lifeboat for New Zealand’s economic growth, dominating recent trends in employment, housing demand, and demography. Quarterly net migration is now beginning to soften from its early 2023 peak as migrant arrivals grow slower, and departures from New Zealand accelerate. Read


Annual inflation may have come down to 6.0%pa, but businesses and households alike are still facing extreme cost pressures. A massive influx of migration and a high number of people returning to work has helped to alleviate some labour market pressures, and yet some underlying wage measures are stil... Read


Man and Woman Sitting on a Couch in Front of a Television

The economics of video streaming services don’t seem to be adding up for anyone at the moment. In the US, screen writers are on strike asking for better pay. The longer the strike goes on, the greater will be the hiatus in original programming, which will reduce industry revenues. All this at a time when investors in video streaming services are looking for greater returns, which is prompting streaming services to cut costs by firing staff and deleting content. Read