Rapid cost escalation makes for difficult choices
A high and more persistent inflationary environment continues to cause challenges across the economy, although a moderation in the pace of cost increases has thankfully begun. It’s still challenging to celebrate current pricing trends – they’re not as frantic as previously, but equally they’re not back to normal either.
The role of age groups in employment growth
Rapid jobs and population growth has been a lifeboat for New Zealand’s economic momentum as households grapple with cost-of-living challenges. Recent population data from Stats NZ indicates that the working-age (15-64) population grew 2.3%pa in the June 2023 quarter, the fastest rate since mid-2016, boosted by strong net migration.
How a productivity quadrant can inform economic development
Media Release: Jobs support regional economic momentum, but primary sector headwinds developing
Economic momentum continues to hold up better than expected across New Zealand, with rapid jobs growth and population growth counterbalancing inflation and interest rate challenges faced by households. Some parts of the country continue to experience solid growth, but others remain hampered by the ongoing effects of wild weather over the first half of 2023.
Kendra Ross appointed to Infometrics Board
Chart of the Month: Rising costs, falling revenue – tough season for dairy farmers
Fonterra recently announced a sharp cut to its forecast dairy payout, at the same time as dairy farmers face high costs. Our chart of the month highlights that the dairy payout is forecast to fall beneath operating expenses for the average farm, and also takes a broader view highlighting the volatility of the dairy payout and how we are evolving past peak cow.