Noitall
👤
Sounds like a real wanker
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
- Start date
miket12
🏛️
Worse bit is, I’ve known the guy for thirty odd years and done over ten projects for him. He likes buying properties with and existing house and enough land at the back to build at least one or two more houses. They’re usually pricks off sites no one else would touch.
But, the last three projects, he’s done them with his daughter-in-law… who pretty much has no idea but thinks she does. He wants to “retire” and leave it to her to carry on. It certainly won’t be with me involved.
Noitall
👤
You might have to him she’s a lemon and hope he sees the light
miket12
🏛️
Tried a few times… but he can’t see it. TBH, I’m better off without them. Sometimes it’s better to cut your loses and walk away.
Noitall
👤
Seems to be a lot of parents think the sun shines out their kids arses
Cces
🎯
So turns out David Seymour wrote a book during his Canadian phase
View attachment 1000012875.mp4
The chapter on the flaws of democracy sounds like a hoot!
View attachment 1000012874.mp4
View attachment 1000012875.mp4
The chapter on the flaws of democracy sounds like a hoot!
View attachment 1000012874.mp4
Noitall
👤
Looks like someone trying to eradicate covid using the trump method
miket12
🏛️
Back in growth: GDP data shows economy expanded by 1.1% in third quarter
The economy grew by 1.1% in the third quarter of the year – stronger than even the most optimistic forecasts.Economists had been picking a rise of between 0.8 and 1% for the quarter.
The result was much stronger than the Reserve Bank’s forecasts of 0.4% growth.
That could mean the chances of another official cash rate cut in February have faded further into the distance, one economist said.
The GDP figure for the second quarter was revised and was worse than previously recorded at minus 1% (from -0.9%).
“GDP rose in three of the last four quarters, but fell 0.5% over the year ended September 2025 compared with the year ended September 2024,” economic growth spokesman Jason Attewell said.
“The 1.1% rise in economic activity in the September 2025 quarter was broad-based, with increases in 14 out of 16 industries. This is in contrast to the June 2025 quarter, when GDP decreased in 10 industries.”
GDP per capita rose 0.9% for the quarter; however, that followed a 1.1% fall in the June quarter.
Dollar unchanged
The New Zealand dollar was largely unchanged following the data, as were the interest rate markets.ANZ market strategist David Croy said the markets had expected a strong number and that’s what they got.
“My sense going into this was that the market would have needed a number quite a lot stronger to be surprised.”
ANZ economists had predicted a 1% gain in GDP for the quarter.
Growth by sector
Business services were the largest contributor to the overall increase in GDP, up 1.6% in the quarter. This was driven by a 2.1% rise in professional, scientific, and technical services, such as computer system design and related services.Manufacturing was up 2.2% in the September 2025 quarter, driven by food, beverage, and tobacco manufacturing.
“The 2.2% increase in manufacturing this quarter follows a 3.9% fall in the June 2025 quarter, when it was the main driver of the 1% decrease in GDP,” Attewell said.
Information media and telecommunications was the largest downward contributor to GDP in the latest quarter, down 2.1%.
The expenditure measure of GDP rose 1.3% during the September 2025 quarter, following a 0.8% fall in the June 2025 quarter.
Exports were up 3.3%, with increases in travel services, dairy, and other services, including insurance.
Gross fixed capital formation, up 3.2%, also contributed to the rise in expenditure GDP.
“Businesses invested more in physical fixed assets in the September quarter. There were increases in transport equipment and plant, machinery, and equipment, supported by imports of related capital goods and motor vehicles,” Attewell said.
Household consumption expenditure rose 0.1% this quarter. Expenditure on durables rose 2%, while expenditure on services fell 0.1% and non-durables fell 0.2%.
The increased spending on durables was driven by rises in audio-visual equipment (such as televisions, computers, and mobile phones) and motor vehicles.
OCR implications
From the RBNZ’s point of view, this represents an upside, said Westpac senior economist Michael Gordon.“This is in the end a stronger outcome than the RBNZ thought at the November Monetary Policy Statement and will imply an assessment of less excess capacity.
“However, we should remember that market pricing is well ahead of the RBNZ right now, and hence there’s likely no need to be pricing in significant additional tightening in 2026.
“Although perhaps that small chance of a further cut in 2026 is likely more remote now in the RBNZ’s eyes.”
Finance Minister upbeat
“This growth was broad-based, occurring in 14 of the 16 sectors measured by Stats NZ,” Finance Minister Nicola Willis said.“This is what healthy growth looks like. With all the indicators pointing to further growth in the final quarter of the year, Kiwis can go into Christmas confident the economy has finally turned the corner after a tough few years.
“Treasury and the Reserve Bank are forecasting growth to accelerate next year and unemployment to fall.”
Strong growth: GDP up by 1.1% in third quarter, better than expected
The 1.1% rise was broad-based, with 14 of 16 industries growing.
Noitall
👤
Will be interesting to see the final quarter down the track and how Christmas spending compares
Noitall
👤
Seemed to use his middle name on the title of the book? Breen Seymour
Would anyone like to help me understand how McSkimming received a 50% discount on his sentence when the Sentencing (Reform) Amendment Act 2025 which came into force on 29 June 2025 limited the total discount that anyone could get to a maximum of 40% unless the end sentence was deemed to be manifestly unjust
10% discount for good character, you couldn't make it up.
What are you noticing here, election fraudsters from the Indian subcontinent?
I wasn’t the one recently noticing.
I thought you were a noticer too though
- Thread starter
- #21,778
‘stronger than even the most optimistic forecasts’.Back in growth: GDP data shows economy expanded by 1.1% in third quarter
The economy grew by 1.1% in the third quarter of the year – stronger than even the most optimistic forecasts.
Economists had been picking a rise of between 0.8 and 1% for the quarter.
The result was much stronger than the Reserve Bank’s forecasts of 0.4% growth.
That could mean the chances of another official cash rate cut in February have faded further into the distance, one economist said.
The GDP figure for the second quarter was revised and was worse than previously recorded at minus 1% (from -0.9%).
“GDP rose in three of the last four quarters, but fell 0.5% over the year ended September 2025 compared with the year ended September 2024,” economic growth spokesman Jason Attewell said.
“The 1.1% rise in economic activity in the September 2025 quarter was broad-based, with increases in 14 out of 16 industries. This is in contrast to the June 2025 quarter, when GDP decreased in 10 industries.”
GDP per capita rose 0.9% for the quarter; however, that followed a 1.1% fall in the June quarter.
Dollar unchanged
The New Zealand dollar was largely unchanged following the data, as were the interest rate markets.
ANZ market strategist David Croy said the markets had expected a strong number and that’s what they got.
“My sense going into this was that the market would have needed a number quite a lot stronger to be surprised.”
ANZ economists had predicted a 1% gain in GDP for the quarter.
Growth by sector
Business services were the largest contributor to the overall increase in GDP, up 1.6% in the quarter. This was driven by a 2.1% rise in professional, scientific, and technical services, such as computer system design and related services.
Manufacturing was up 2.2% in the September 2025 quarter, driven by food, beverage, and tobacco manufacturing.
“The 2.2% increase in manufacturing this quarter follows a 3.9% fall in the June 2025 quarter, when it was the main driver of the 1% decrease in GDP,” Attewell said.
Information media and telecommunications was the largest downward contributor to GDP in the latest quarter, down 2.1%.
The expenditure measure of GDP rose 1.3% during the September 2025 quarter, following a 0.8% fall in the June 2025 quarter.
Exports were up 3.3%, with increases in travel services, dairy, and other services, including insurance.
Gross fixed capital formation, up 3.2%, also contributed to the rise in expenditure GDP.
“Businesses invested more in physical fixed assets in the September quarter. There were increases in transport equipment and plant, machinery, and equipment, supported by imports of related capital goods and motor vehicles,” Attewell said.
Household consumption expenditure rose 0.1% this quarter. Expenditure on durables rose 2%, while expenditure on services fell 0.1% and non-durables fell 0.2%.
The increased spending on durables was driven by rises in audio-visual equipment (such as televisions, computers, and mobile phones) and motor vehicles.
OCR implications
From the RBNZ’s point of view, this represents an upside, said Westpac senior economist Michael Gordon.
“This is in the end a stronger outcome than the RBNZ thought at the November Monetary Policy Statement and will imply an assessment of less excess capacity.
“However, we should remember that market pricing is well ahead of the RBNZ right now, and hence there’s likely no need to be pricing in significant additional tightening in 2026.
“Although perhaps that small chance of a further cut in 2026 is likely more remote now in the RBNZ’s eyes.”
Finance Minister upbeat
“This growth was broad-based, occurring in 14 of the 16 sectors measured by Stats NZ,” Finance Minister Nicola Willis said.
“This is what healthy growth looks like. With all the indicators pointing to further growth in the final quarter of the year, Kiwis can go into Christmas confident the economy has finally turned the corner after a tough few years.
“Treasury and the Reserve Bank are forecasting growth to accelerate next year and unemployment to fall.”
Strong growth: GDP up by 1.1% in third quarter, better than expected
The 1.1% rise was broad-based, with 14 of 16 industries growing.www.nzherald.co.nz
Don’t know about that just reflects what we’ve been seeing anecdotally and I’ve been discussing on here - the economies really picking up. Great work National.
Looking forward to a awesome 2026.
Wait for the negativity from the predictable bunch… 3 MORE YEARS!
1st the truckies now the local elections...
