Disagree. I was just talking to Mike a week or so ago about the positivity I’ve seen in the housing market.
Act has been stirring up conflict between farmers and act. National can’t afford to get offside with dairy and beef at the moment
Eleven of the 16 industries increased this quarter.
Superb politics and the right has got their act (no pun intended) together at last.
I’ve just completed a company reporting season & things are still tough mate. Things will recover but for the most part it isn’t yet.Eleven of the 16 industries increased this quarter.
Recessions OVER!
I guess the media would rather talk about some kids free lunch not being tasty enough though
That’s an optimistic view but act and national have done nothing to show they’re on the same page. The play you’re trying to create requires national and act being able to show voters they can be stable which they aren’t doing yet. Can see the Seymour half term at deputy pm being a disaster. Was the same last election where national and act took each other’s voters and I can see rural being the same. They only trading voters and not picking up new voters
I think Wiz is looking at this from 'it's good for me' perspective. Tourism, housing - For all his chat about the need for productivity gains, he's in the low wage, low-productivity, rentier business. Crowing endlessly! Lol.
Construction is brutal. Got my ute serviced the other day and owner said massive downturn because of tradies having minimal work so aren’t doing the km’s, and not needing vehicles serviced as frequently. The trickle down effect is massive
Spent a lot of time around the close by Moko Hinau group of Islands.Amazing that there have been 12 Governments since this ship struck a mine.... and none of them have even thought it was necessary to do a survey of the wreck despite them receiving official advice to do so. Potential environmental government sponsored inactivity at it's worst!!!
The $200m threat lying beneath the Hauraki Gulf
The RMS Niagara was sunk by German mines in the Hauraki Gulf in 1940.www.nzherald.co.nz
Did I see it was down 3% in the quarter? That is brutal for not just the tradies, but NZ as a whole. The leak of skills to Australia must be phenomenal with this sort of downturn.
Construction is cycling a period where it was down 30% so the decline is flattening out, but down a lot. Another thing more generally to be mindful of is that 12 months ago there was a lot of destocking as manufacturing & retail industries moved from just-in-case back to just-in-time inventory levels. So there is some uptick related to that. Most are still seeing same-customer volume declines.
Govt should be helping smooth the boom bust cycle in such a critical sector. They have the mechanisms to do it and we need the housing/infrastructure and to retain the workforce.
Last time I can remember so many tradies either leaving the industry or heading to Australia was in the early 2000's. It coincided with the Helen Clark government reducing the state rents from National's "market rents" to "income associated rents" which was a brilliant thing for those in a state house but meant that the bottom end of the housing market fell away as there wasn't the demand for "nappy valley" houses anymore.
Rural certainly has been assisted over the years when things have been tough for the industry. Recognition that that’s an industry that our country has been built on, but there’s still a lack of infrastructure
They could have just kept the KO builds going - it's all being constructed by the private sector. No 'drought relief' hand outs required.
Didn't this government halt a number of projects that amplified the recession and see increases in skilled people heading overseas?
I think that’s their intention with the fast tracking program. Example - the Tauranga wharf extension which completely stalled under the previous government who were more concerned with appeasing local iwi chasing further payouts than addressing critical NZ infrastructure bottlenecks.
