Building | Spending
Shaw and Partners Director Andrew Kelleher highlights the latest Stats NZ data on building work put in place, noting the overall result was weaker than expected. Unclear interest‑rate direction and soft activity continue to underscore the patchiness of the much‑discussed economic recovery. He notes that core retail merchants reported year‑on‑year gains, with retail trends broadly consistent with modest growth across other data series. He also observes signs of renewed activity in the major centres, with Auckland and Northland recording their strongest monthly lift in two years, while February Valentine’s spending was notably lower. Then, onto market figures.
To listen to the full commentary, please click below.
