Infometrics May newsletter
New Zealand’s most creative city in 2021
Beautiful view, where are the shops?
New Zealand is a beautiful country and all of our towns and cities can claim some form of natural amenity when it comes to attracting tourists and migrants. Being a coastal country, we are rarely far from a beach. Even our inland centres are blessed with magnificent rivers and mountain vistas. Ask anyone – whether a professional involved in economic development and tourism, or a resident on the street – what is special about their area, and their first answer will often relate to natural amenity.
More liquidations to come as cashflow becomes critical
Recent news that Armstrong Downes Commercial had gone into liquidation is, unfortunately, likely to be only a harbinger of further business failures in the construction industry over the next couple of years. Armstrong Downes’ collapse follows the liquidation of a smaller firm building townhouses in Auckland, OD 2019, which blamed project delays, COVID-19, and increased costs for its insolvency.
Media Release: Omicron and supply issues limit economic advance
Economic momentum stalled at the start of 2022, as Omicron limited economic activity. Infometrics’ March 2022 Quarterly Economic Monitor shows economic activity rose 2.0%pa in the quarter on provisional estimates, with underlying growth flat from last quarter as workers and materials became even harder to find at the start of 2022.
Chart of the Month: Inflation “principal economic challenge” in Budget 2022
Budget 2022 revealed not only the Government’s plans for the year ahead, but also new forecasts from Treasury of the economic outlook for New Zealand. They present a concerningly persistent level of inflation, with substantial flow-on effects for households, businesses, and the Government’s own funding.