S3.E12 - Economic confidence is still weak

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Nick starts this week by removing the elephant in the room – he has COVID! Tough weekend, but just maybe there’s light at the end of the tunnel.

The guys then launch into a discussion of February’s filled jobs numbers from Stats NZ, which showed the first monthly fall (-0.3%) since January last year. This could be ominous for the unemployment rate and hence the property market, especially since the latest business and consumer confidence surveys from ANZ have remained so weak.

The counter-point to this however is some better data from Xero, suggesting that small businesses are perhaps not feeling quite as pessimistic.

Other key data discussed includes the latest dwelling consent figures (spoiler alert: very strong again), and a look ahead to the CoreLogic House Price Index for March, and the Buyer Classification figures at the end of the week.

With a short appearance on Have You Been Paying Attention, we’ve also broken into the mainstream!

Check out all our regular CoreLogic research insights at https://www.corelogic.co.nz/research-news and get in touch on LinkedIn, twitter @NickGoodall_CL or @KDavidson_CL or send us an email on nick.goodall@corelogic.co.nz or kelvin.davidson@corelogic.co.nz

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