August 10 edition of the BNZ Weekly Overview

Welcome to the August 10 edition of the BNZ Weekly Overview.

This week we are once again running our monthly confidence survey. If time permits please click on the URL below and tick whether you believe the economy will get better or worse over the next 12 months. More importantly please take the time to pen one or two sentences letting us know what is happening in your particular industry at the moment specifying what the industry is.

http://www.closer.co.nz/bnzeconomist.asp

This morning we learned that New Zealand's unemployment rate fell from 3.9% back down to any equal record low of 3.6% with strong jobs growth. The inflationary implications are obvious as too are the implications for interest rates not coming down for a long time which implies continuing support for the New Zealand dollar over the next few quarters.

(See... http://img.scoop.co.nz/media/pdfs/0608/WOAug10.pdf)

ENDS

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