Economic Data · 17/06/2026 · 15:07 NZT
Westpac Consumer Confidence Index Drops to 80.4, Lowest in Three Years
The Westpac-McDermott Miller Consumer Confidence Index plunged 14.3 points to 80.4 in the June 2026 quarter.
Markets
13 articles
Monetary Policy · 15/06/2026 · 15:42 NZT
Iran-US MOU Offers Conditional Petrol Price Relief for New Zealand Households
A memorandum of understanding between the United States and Iran has cut Brent crude prices from near US$93 a barrel to US$83-87, creating scope for New Zealand 91 petrol to fall toward $2.80 a litre if tanker traffic through the Strait of Hormuz resumes and insurance markets normalise. The relief remains conditional on sustained de-escalation and carries direct implications for the Reserve…
Economic Data · 02/06/2026 · 10:03 NZT
Mainfreight Revenue Growth Highlights Logistics Resilience Amid Elevated Fuel Costs
Mainfreight Limited achieved revenue of NZ$5.38 billion for the year ended 31 March 2026, up 2.8 percent, even as net profit fell 8.5 percent to NZ$251 million. Elevated fuel costs drove the margin compression and now feed directly into Reserve Bank of New Zealand inflation forecasts.
Banking · 28/05/2026 · 10:36 NZT
Kiwibank first to lift term deposit rates after RBNZ holds OCR
Kiwibank raised its nine-month term deposit rate by 15 basis points to 3.55 percent and its one-year rate by five basis points to 3.9 percent on 28 May 2026, becoming the first major bank to adjust offerings after the Reserve Bank held the official cash rate steady at 2.25 percent.
Regulation · 28/05/2026 · 08:24 NZT
Consumers Face Risks With AI Money Advice as FMA Surveys Industry Adoption
New Zealand consumers using generative AI tools for budgeting, investment picks and financial queries risk generic or inaccurate recommendations not tailored to local conditions.
Banking · 25/05/2026 · 12:47 NZT
Nvidia Earnings Reveal Hidden Concentration Risks in KiwiSaver
Nvidia's record $81.6 billion first-quarter revenue has laid bare the substantial, often unappreciated exposure KiwiSaver investors carry to the AI chip leader through passive index trackers.
Business · 25/05/2026 · 11:26 NZT
EROAD $161m Loss Signals Retreat from US Expansion to Core ANZ Markets
EROAD Limited swung to a $161.1 million net loss for the year ended 31 March 2026 after booking a $134.7 million non-cash impairment on its North American operations. The result marks a sharp reversal from the $1.4 million profit recorded in FY25 and underscores the risks of scaling a telematics platform into volatile international freight markets.
Economic Data · 22/05/2026 · 13:16 NZT
Retail Volumes Rise 0.9 Percent in March Quarter
New Zealand retail sales volumes increased 0.9 percent in the March 2026 quarter on a seasonally adjusted basis. The gain matched the December 2025 quarter and exceeded market expectations of 0.5 percent.
Regulation · 19/05/2026 · 21:46 NZT
London Court Orders Specific Performance in NZ$2.08m PGC Share Dispute
A NZ$2.08 million share purchase agreement between New Zealand businessman George Kerr and Vadim Perelman collapsed into five years of litigation after the parties disagreed on settlement mechanics. The English Commercial Court has now ordered specific performance of the deal.
Economic Data · 18/05/2026 · 17:12 NZT
Five Years, Four Percent: The NZX 50's Lost Half-Decade — and the Question Voters May Soon Ask
The NZX 50 has returned just 3.98% over five years while inflation topped 20%, representing a significant real-terms loss for New Zealand investors that contradicts government claims of economic recovery.
Business · 18/05/2026 · 15:18 NZT
Gentrack Recurring Revenue Growth Underscores Private Sector Resilience Amid Guidance Adjustment
Gentrack Group Limited reported recurring revenue of $85.3 million for the six months ended 31 March 2026, up 12 percent, even as statutory net profit fell 29 percent to $5.1 million due to two delayed utilities deals.
Banking · 18/05/2026 · 10:16 NZT
Four Major NZ Banks Join Visa Agentic Ready Programme While Westpac Aligns With Mastercard
New Zealand's four largest retail banks have joined Visa's Agentic Ready programme and can now handle AI-driven agent-initiated payments using existing tokenisation and risk controls.
Economic Data · 15/05/2026 · 15:55 NZT
Air NZ's $4bn Equity Buffer Absorbs Fuel Shock Without Capital Raise
Air New Zealand's NZ$4 billion in available aircraft equity and NZ$1.3 billion liquidity buffer position the carrier to absorb a projected NZ$340-390 million pre-tax loss for the year ending June 2026 without seeking a capital raise or government support, Forsyth Barr analysts concluded after the 14 May trading update.