BNZ Weekly Overview - June 7 2007

Welcome to the June 7 edition of the BNZ Weekly Overview.

It's that time of month again when we run our survey of Weekly Overview readers. If time permits please click on the URL below and let us know whether you believe the economy will get better or worse over the coming 12 months. More importantly if you can take a few seconds to let us know how conditions are currently in your industry specifying what that industry is. We have had extensive feedback indicating that these anecdotal pieces of evidence are quite valuable in getting a feeling for what is happening in the economy and particular sectors. The results will be released early next week.

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

This week the NZD has risen to a post float high above US 75.6 cents, the RB has raised the cash rate again and a round of housing interest rate rises beckons, commodity prices have moved higher, and tractor registrations are soaring in seasonally adjusted terms!

Best regards

(See attached file: WOJune7.pdf)

Tony Alexander
Chief Economist
Economics
Bank of New Zealand

ENDS

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