Here is the lasted BNZ new zealand market outlook, which includes:

• Migration inflows remain stellar putting upward pressure on housing and
  unemployment
• While providing a safety net for the softening
  economy
• Fonterra result to confirm improving outlook?
• As past price pressure batters the trade balance

There’s a lot going on in the New Zealand economy that suggests tougher times may be ahead: commodity prices have slumped; the Christchurch rebuild is peaking; the weather may soon prove unhelpful; and confidence levels are falling. 

But, for the time being at least, it seems inconceivable that New Zealand activity should start to
contract when the population keeps growing at such a heady pace – largely driven by ongoing net migration inflows.

To read the full Market Outlook (pdf download), please click here.