You are using an outdated browser version not supported by this website.
Click here to upgrade your browser

26 May 2011

Infometrics Building + Property Economic Update for May

Commodity prices have continued to rise, business confidence has recovered, and the labour and housing markets have shown signs of recovery. However, the negative repercussions of the Christchurch earthquake in February continue to weigh the general economy down – a factor that could restrict economic growth throughout the middle of 2011.

Given soft growth outcomes, and consumers that remain hesitant to spend, the Reserve Bank will feel little pressure to increase the official cash rate before the end of the year.

Read the full report, including information on house sales, house prices, dwelling consents, non-residential building, interest rates and net migration.

comments powered by Disqus

Posts by Matthew Duder

See All

Get a free weekly digest of essential news

New and updated architectural products, design solutions, inspiration, technical advice and more when you sign up for EBOSS.