Construction inflation across New Zealand's main cities is expected to slow in coming years as escalating costs soften demand, according to an industry report.
New Zealand's manufacturing activity slowed for a second month in June to the lowest level in six months, as the employment index contracted for a second straight month and the production measure fell to its lowest point since January.
The market for New Zealand coarse wool, which makes up about three quarters of the country's clip, has picked up from the previous season's lows as demand improved, pushing up prices and volumes.
New Zealand food prices rose in June, led by higher costs for takeover foods and restaurant meals following an increase in the minimum wage.
Craigs Investment Partners, one of New Zealand's largest investment advisory firms, has dropped the Fonterra Shareholders' Fund from its New Zealand equities portfolio, saying its performance has been "lacklustre at best". BusinessDesk's TinaMorrison reports.
New Zealand guest nights rose in May to a reach a record level for the month, driven by higher local stays across the country and more international tourists in the South Island.
New Zealand retail spending on electronic cards rose across all industries for the first time in seven months in June.
Michael Hill International increased revenue 3.3 percent in its 2018 fiscal year as it opened more namesake brand stores in Australia and Canada, exited its US operations and began the closure of its Emma & Roe chain.
New Zealand's newest banknotes, known as the Series 7, are taking longer to fully replace the earlier Series 6 notes as the national currency is staying in circulation for more time than anticipated and a third of it has migrated overseas. BusinessDesk's Tina Morrison reports.
The Commerce Commission intends to retain the power to regulate national mobile roaming, which helps operators expand coverage beyond their own physical networks.