Heartland say drivers of growth and employment levels.
Really good news then as per Cameron Bagrie tweet -
@ANZ_cambagrie: Business NZ performance of manufacturing index very healthy. Another gauge of economic growth in NZ. NZ manuf defying struggles globally
Heartland been pushing the SME segment hard lately - a segment apparently doing well.
Heartland must be making more than that $53m guidance.
Last edited by winner69; 21-01-2016 at 02:35 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
@ANZ_cambagrie: ANZ consumer confidence figures for Jan show stability at good levels. NZ consumers not reacting to global unease. Good sign of domestic pep
Consumers happy, consumer borrowing up - all good for Heartland
Jeff better have a good story next month
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
You really place weight on consumer confidence surveys...??!!
Why shouldn't one?
Anyway its just of the things lately (consumer confidence, manufacturing activity, trucking activity, retail sales and son on) that the NZ economy is doing very well - could even see GDP growth close to 4% by this time.
Wouldn't believe it would you listening to economic commentators who hog the media.
Hesrtland keep saying growth is dependent on GDP growth and employment levels - so why not track them.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Anyway its just of the things lately (consumer confidence, manufacturing activity, trucking activity, retail sales and son on) that the NZ economy is doing very well - could even see GDP growth close to 4% by this time.
Wouldn't believe it would you listening to economic commentators who hog the media.
Hesrtland keep saying growth is dependent on GDP growth and employment levels - so why not track them.
Confidence surveys are shown time and again to have no correlation to economic activity, certainly specific groups cherry pick good or bad news, make sure you are getting the whole picture though, if you listen to media it oscillates from good to bad news stories...certain sectors of the NZ economy are not doing well. Want to place any money on that overall 4% GP growth rate?
Raz - Westpac keep publishing this chart. They obviously think that there is a relationship between consumer confidence and GDP growth worth showing.
They may... however their profession and consensus research does not back that up.
If you actually have a chat with their chief economist he will suggest our GDP growth has basically converged towards population growth. Thats why we currently have migration at current levels....although again is that the whole story:-)
Just noted your other query and yes risk seems elevated to win clients in the last 12 months.
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