US manufacturing ISM weaker than expected. New orders, production and employment all contracted suggesting the manufacturing sector is struggling to gain momentum. Preliminary Eurozone CPI data for February continued to fall
Newsroom
Business & investing: There are many reasons for the Official Cash Rate to remain on hold but there is still plenty of heat left in the underlying economy
the Guardian
Fall in rank below Germany has been attributed to a weak yen and country’s ageing, shrinking population
Oneroof
The five things you need to know about the housing market this week., All things property, under OneRoof
The S&P500 reached a record high close underpinned by a strong performance by technology companies. US Fed speakers push back against near term rate cuts as the blackout period begins for the January FOMC
RNZ
A further slide in manufacturing activity at the end of last year is pointing to the economy possibly dipping back into recession.
The pressure on the Suez Canal routes provides a fat tail risk of potential fresh waves of inflationary supply shocks for western economies & financial markets, which are currently predicting nothing but easing price pressures and large rate cuts in 2024
Newshub
Two thirds of respondents felt the Government's policies will make it harder to deal with the cost of living.
Newshub
David Meys warns "there is a looming risk of rising unemployment".
Newshub
Non-bank lenders make up the majority of the complaints.
RNZ
But some markets are still doing better than others, a QV report shows.
BNZ and Ngāti Whātua Ōrākei have developed a new lending model that could allow other iwi to also unlock whenua Māori for housing.
In a blow to mortgage holders, the central bank said in holding the cash rate at 5.5% said "the OCR needs to remain at a restrictive level for a sustained period of time".
Housing Minister Chris Bishop says he wants to flood big cities with 30 years of mixed-use land ready for development to 'solve New Zealand’s housing crisis'
The Money
euronews
