NZD News

The services sector in New Zealand expanded again in June, and at a slightly faster rate, Business NZ said on Monday, with a Performance of Services Index score of 58.2.

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Total credit card spending in New Zealand climbed for the second straight month in June, but at a slower pace than in the prior month, figures from the Reserve Bank of New Zealand showed Tuesday.

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New Zealand had a merchandise trade deficit of NZ$60 million in June, Statistics New Zealand said on Friday.

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New Zealand would require further monetary policy easing and exchange rate depreciation for maintaining its economic growth around its potential and return consumer price inflation to its medium-term target level, the head of Reserve Bank of New Zealand said on Wednesday. That said, the RBNZ Governor Graeme Wheeler said the economy is not as weak as being predicted by many local commentators.

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Activity in New Zealand's services sector decelerated in July, Business NZ said on Monday, with a Performance of Services Index score of 56.5.

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New Zealand job ads increased for the first time in five months in July, albeit marginally, the results of a survey by ANZ showed Thursday.

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New Zealand posted a merchandise trade deficit of NZ$649 million in July, Statistics New Zealand said on Wednesday - representing 15 percent of exports.

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The total number of new building permits issued in New Zealand surged a seasonally adjusted 20.4 percent in July, Statistics New Zealand said on Monday - coming in at 2,824.

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Food prices in New Zealand slipped 0.5 percent on month in August, Statistics New Zealand said on Friday, after climbing 0.6 percent in July and a 0.5 percent gain in June.

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New Zealand posted a seasonally adjusted current account shortfall of NZ$2.1 billion in the second quarter of 2015, Statistics New Zealand said on Wednesday - down from the $1.6 billion deficit in the three months prior.

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