Consumer confidence

Terrible news for Labour: New Zealand’s feeling gooooood

Turns out all the talk of New Zealand going to hell in a handcart by the left and supported and amplified by the Media Party is falling on deaf ears.

New Zealanders will end the year brimming with confidence, according to three indicators out in the past few days.

First, the ANZ Business Outlook showed business confidence rising to an eight-month high in December.

The ANZ Job Ads series lifted a further 2% in November, the third monthly rise in a row and the first time that had occurred since early 2014.

And yesterday, the Westpac McDermott Miller consumer confidence index ended the year on 110.7 points and a level just below the long-term average of 111.5.

The All Blacks won the World Cup.  Summer is here.  We’re all thinking about the bach, the beach, the boat.  And we’re feelin’ goooood.   Read more »

I figured out the source of New Zealand poverty

poverty-girl-1200

It turns out, the parents spent all the money!

Shoppers spent a massive $5.3 billion last month, the latest Paymark figures show.

Spending last month – fuelled in part by Christmas shopping, Boxing Day sales, and New Year’s Eve holidaymakers – was up $300 million, or 5.4 per cent, on December 2013.

Last year also saw the highest growth in spending since 2007, with Paymark processing $52.3 billion of transactions for the year – up 6.6 per cent on 2013.

Don’t you see?  People have no money, because they are spending it in every increasing amounts.   Read more »

More good news, consumer confidence at nine year high

The Labour party were hoping that all the economic indicators would get worse in election year.

Unfortunately day after day and week after week all the indicators continue to improve.

The Herald reports:

New Zealand consumer confidence rose to a nine-year high in the first quarter of this year with optimism about the economy in the year ahead approaching record levels.

The Westpac McDermott Miller Consumer Confidence Index rose to 121.7 in March, up from 120.1 in the December survey, to the highest level since the credit-fuelled boom times of 2005. A reading above 100 indicates more optimists than pessimists. A net 35 per cent of those polled expect good times for the economy over the year ahead, up from a net 27.8 per cent in the December quarter and the third-highest reading in the survey’s history.  Read more »

URGENT WARNING to Orcon Media and Comms – end promotion featuring Kim Dotcom

A reader writes:

Hi Cam,

I have had enough of seeing that Kim Dotcom all over the place and now even my ISP has shacked up with him.  Feel free to publish my ultimatum to Orcon below.  Please redact my name and contact details.

Amazing, the media auto reply was from an actual persons address at Orcon!

Thanks,

Hi there

We are Orcon customers for past 3-4 years. The service has been generally good and we have had no reason to consider changing service provider.  In fact we are currently considering extending the range of services that we purchase.   Read more »

It’s the economy stupid…

Labour and their fellow travellers the Green Taliban would ahve you believe that National don;t know what they are doing with the economy.

But a string of new statistics prove otherwise and show that we have a world leading manufacturing sector expansion underway:

Manufacturing PMI

The BNZ-BusinessNZ seasonally adjusted PMI for July stood at 59.5, which  was 4.3 points higher than June and a return to strong levels of expansion seen in May. Compared with previous July results, the 2013 value was the highest since the survey began in 2002, and the third highest monthly result on record. Overall, the first seven months of 2013 has averaged a healthy 56.3.  Read more »

Is Wongaland between Wogistan and Bogo Bogo Land?

We have heard about Wogistan and then Bongo Bongo Land, but what on earth is Wongaland?

Britain has an “Alice in Wongaland” economy in which people are taking out payday loans and raiding their savings to fuel shopping sprees.

Retail figures, published by the Office for National Statistics this morning, are expected to show that people are returning to Britain’s High Streets.

Experts have said that the warm weather, increased consumer confidence and the “feel good factor” created by the Royal Wedding stimulated growth.

However Ann Pettifor, of Prime Economics, warned that the improved figures were fuelled by debt and will ultimately prove to be “unsustainable”  Read more »