BNZ Weekly Overview Feb 2 2012

Welcome to the February 2 2012 issue of the BNZ Weekly Overview.

This is the first Thursday of the month so we are running our first confidence survey for the year. If you have a few seconds please click on the link here and let us know whether you feel the NZ economy will be better or worse in a year’s time. Then perhaps pen a sentence telling us how things are in your industry currently – remembering to specify what the industry is.

http://survey.usuite.com/survey/7f801dd05f3742619b046cc119c15106.sur

Fresh data have again been thin on the ground with respect to the state of the NZ economy this week. We have in hand information showing debt growth remains practically zero, a fall in job numbers occurred late last year, there is little apparent underlying growth for the moment in building consents, but some good growth is happening in export receipts. The Kiwi dollar over the week has risen above US83 cents as investors around the planet have become a tad less nervous about Europe. Yet at the same time wholesale swap rates have fallen to new lows because of a recent string of weaker than expected data in the United States.
Best regards
Tony Alexander

WOFeb2.pdf

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