On the level: new and used heavy two-axle trucks

In 2008, new brake requirements meant that the available supply of used commercial vehicles within the medium-heavy weight class plummeted, and demand for new vehicles soared. Fast forward a few years later and new medium-heavy vehicles have maxed out their advantage from the rule change. Competition from used vehicles has begun to eat away at the market share of new medium-heavy trucks and will continue to do so going forward.

A day in the life of an economist – Kelvin Davidson

Having recently worked both in London and for Canterbury Development Corporation, Kelvin has extensive experience of property market analysis, both residential and commercial, and from an investment and development perspective. He has a thorough understanding of the issues and constraints faced by regional policy and decision makers.

Golden run set to continue for construction employment

Employment in the construction industry grew 7.7% in the year to March 2017, according to Infometrics estimates.  This growth was the sixth consecutive year of expanding employment, following on from a total increase in job numbers of 15% since 2011.  Unsurprisingly, the bulk of the latest year’s lift in employment took place in Auckland, and the region is expected retain its lead for employment growth over the next four years.  In contrast, employment in Canterbury’s construction sector has begun winding down as both residential and non-residential rebuilding activity have come down from their 2014 and 2016 highs.  We’re anticipating about 3,000 job losses in Canterbury’s construction sector over the four years to March 2021.

85,000 new jobs for Auckland

Auckland is New Zealand’s engine and is expected to outperform the national economy over the next four years, according to Infometrics Regional Perspectives report released today. The Infometrics Regional Perspectives report provides an outlook for economic conditions in New Zealand’s regions and industries over the next four years.

House prices to fall 12% by 2020

The New Zealand economy has entered 2017 in good spirits, with Infometrics’ latest forecast predicting GDP growth over the three years to June 2019 will average more than 3.0%pa. However, Infometrics Chief Forecaster Gareth Kiernan believes the solid outlook for growth masks several risks that hang over the economy.

NZ economy enters 2017 in style

The New Zealand economy entered 2017 in fine fettle.  Despite dairy prices at GlobalDairyTrade auctions having fallen 3.8% since their early December level, the price index is up a massive 66% from its low point in the first quarter of 2016, with whole milk powder prices having risen 77% over the same period.  Both price measures hit 2.5-year highs earlier in December.