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AUGUST 2011
Business UpdateBrought to you by:
The porridge is cooling
Auckland Chamber Aug 19
Confidence weakens:Why businesses and consumers are less
confident, but economy is likely to keep growing
Auckland Chamber Aug 19
Plenty of automatic stabilisation
The NZ dollar’s fall and lower interest rates will cushion the blow, and
Auckland remains strong.Auckland Chamber Aug 19
• 2% growth + no inflation• Falling NZ interest rates• What the RBNZ/Govt is doing about Auckland and the rest• The dairy shock matters• But it’s not everything• China’s slowdown is a thing• What it all means for NZ’s economies & property marketsAuckland Chamber Aug 19
An elephant in the room
Auckland Chamber Aug 19
But it has been as bad before
Auckland Chamber Aug 19
And other farmers are doing OK
Auckland Chamber Aug 19
An emerging middle class
Auckland Chamber Aug 19
Driven by China
Auckland Chamber Aug 19
Tourism surges past dairy
Auckland Chamber Aug 19
But China is slowing
Auckland Chamber Aug 19
Where’s the inflation?
Auckland Chamber Aug 19
Retail prices down for 4 years
Auckland Chamber Aug 19
Inflation below RBNZ target
Auckland Chamber Aug 19
Real wage growth is v. strong
Auckland Chamber Aug 19
Confidence down, but not dire
Auckland Chamber Aug 19
Surprise construction drop
Auckland Chamber Aug 19
Farming hit hardest
Auckland Chamber Aug 19
So Auckland went vertical
Auckland Chamber Aug 19
On planet Auckland
Auckland Chamber Aug 19
Landlords targeted
Auckland Chamber Aug 19
Yield doesn’t matter…
Auckland Chamber Aug 19
Another planet
Auckland Chamber Aug 19
A migration correlation
Auckland Chamber Aug 19
• Thank you• Questions• Challenges
Auckland Chamber Aug 19
• Bernard Hickey•[email protected]• 027 866 0011• www.twitter.com/bernardchickey
Auckland Chamber Aug 19