AGP Executive Report
Last update: 8 hours agoBusiness Costs: Energy is now New Zealand firms’ second-biggest concern, an ASB survey found, with a third of businesses lifting prices. Record food and fibre exports of $65.2 billion offer a bright spot for the sector. Housing and Inflation: Home sales are taking longer, with the median reaching 48 days as volumes weaken. Petrol hit $3.53 a litre in early October, adding to pressure on household spending; one bank warns housing could remain weak into 2027. Retail Expansion: Paddock to Pantry plans to spend $25 million opening more than 20 grocery stores over five years, shifting from an online-led model towards physical shops. Markets: The NZX 50 gained 0.5% for the week, led by Fisher & Paykel Healthcare, while retirement village stocks remained under pressure from high bond yields and a soft housing market.
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