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2022-09
Newsletter - September 2022

Our September newsletter continues our analysis of New Zealand’s population trends, with Senior Economist Nick Brunsdon looking at household projections and how current building levels compare.

Principal Economist Brad Olsen outlines Infometrics’ decision to raise our peak Official Cash Rate call to 4.50% in mid-2023, amid sustained inflationary pressure.

With skills always in focus given New Zealand’s tight labour market, Senior Economist Rob Heyes examines the new Australian Skills Classifications and what they might mean for New Zealand.

Speaking of a tight labour market, Chief Forecaster Gareth Kiernan outlines the increased pressure on some sectors who are struggling to attract workers given the intense competition around workers and pay.

And finally, Brad rounds out the newsletter with a Chart of the Month showing local election turnout for each council in the country since 1989, ahead of the final day to vote in the 2022 local elections in early October.

Articles
Housing development at Flat Bush, Auckland
Are we building in the right places?
We examine projected household growth around the regions, and ask whether we are currently building enough in the right places.
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Raising the stakes
Raising the interest rate stakes
Expectations for New Zealand interest rates continue to increase, with inflation remaining persistent and requiring tighter monetary policy to address sticky pricing pressures. Economic activity...
Read more
pexels-lukas-590022
Identifying sector and regional skill needs just got easier
New Zealand needs more detailed information about the skill needs of each occupation. The Australian Skills Classification (ASC) gives us this. While it has its limitations, it is a vast...
Read more
Hospitality staff
Low-paid hospitality will struggle with persistent lack of workers
The labour market’s tightness over the last 18 months has become increasingly pervasive across all industries and regions. The record-low unemployment rate in the first half of 2022 highlights the...
Read more
Voting-Papers-2022
Chart of the Month: Time for some local democracy
Local elections are currently occurring across the country, with all votes needing to be in and counted by Saturday 8 October. But over time, the number of people actually casting their vote has...
Read more
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