Middle East instability threatens fuel supplies

All eyes have been on the fuel market this week to discern where fuel prices might head next in the wake of strikes on Saudi Arabian oil supplies. The strike has highlighted the ongoing political instability in the Middle East and resultant increases in oil price volatility. But, as this article highlights, it should also shine a spotlight on the security of oil supplies more generally.

Nothing in the KiwiBuild reset to stop the housing crisis

The long-awaited reset of KiwiBuild confirms that the government still doesn’t grasp why the policy went so spectacularly wrong. When KiwiBuild was conceived back in 2012, it was easy to blame the unaffordability of housing on a lack of supply – new dwelling consents the previous year had plunged to a 58-year low of 13,236. But with consents now at a 45-year high of 35,472, it no longer makes sense to suggest that high house prices are due to a lack of construction activity. KiwiBuild remains a policy that has been formulated to treat the symptoms of a problem that the government has failed to properly diagnose or understand.

The challenge of predicting regional population growth

Local councils are once again putting their thoughts towards their Long Term (10-year) Plans which need to be completed next year. Fundamental to their plans are reliable metrics on the size of their current and future population.

Kiwis embrace a lower-plastic life

Plastic packaging is being talked about more than any other time since it was first invented. With single-use plastic bags now banned, and our ability to outsource soft plastic recycling overseas becoming less viable, there are some fundamental shifts occurring for New Zealand. With more efforts to switch to reusable alternatives, and a rethink about plastic recycling, we need to focus much more on how we manage our waste.

Chart of the month: Auckland is big

We know that Auckland is a big part of the country’s economy. In 2018 it had 35% of the population, 36% of the jobs, and accounted for 38% of GDP – up from 31%, 32% and 34% respectively in 2000. But just how big is that really?

Media release: Population growth and consumer spending drive regional economies for now

The latest Infometrics Quarterly Economic Monitor highlights that almost all regional economies continue to grow, driven by population growth and sustained consumer confidence. However, concerns are growing about future growth, with a long, slow, slowdown expected over the next few years.

Making it rain cash: How to fix the downturn

The July 2019 Infometrics forecasts show a long, slow, slowdown is on the cards for the New Zealand economy. With lower growth on the way, it’s worth highlighting some of the options that are available to New Zealand to combat the slowdown along with the opportunities and challenges of these options.

Economic impacts of events

Events can be a great way to stimulate a local area – bringing a cash injection from out of town visitors, raising the profile of an area and local businesses to visitors and migrants, or simply bringing a community closer together. Many communities choose to support events which align with their strategic goals, but it’s important to assess if the benefits really stack up, and if a public investment is warranted. Infometrics offers an event impact calculator to our regional clients, empowering them to calculate impacts for themselves.

Building smaller and building more

Infometrics’ building forecasts show that consents for new dwellings in New Zealand are expected to crack 35,000 by the end of 2019. This article looks at the size of our new housing, how it’s changed over time, and one potential approach to address the housing shortfall – and meet KiwiBuild targets.