NZIER is the new Zealand Institute of Economic Research

Their latest Consensus Forecasts (these are are an average of New Zealand economic forecasts compiled from a survey... not NZIER forecasts)

In brief:

  • growth outlook broadly unchanged from previous quarter
  • Over the coming year, a softer outlook for investment is offset by expectations of stronger export growth
  • Business confidence has fallen sharply over the past year … profitability continuing to deteriorate there are signs it is impacting negatively on investment intentions
  • However, hiring still solid and wage growth picking up, increased household income is supporting spending

Full PDF is here (ungated from the folks at NZIER) and is worth checking out of trading the NZD