AGP Executive Report
Last update: an hour agoElection deadlock: Preliminary results leave New Zealand’s next government uncertain until special votes are counted on November 27. National, ACT and NZ First have a narrow lead, while centrist Opportunity could prove pivotal; the campaign centred on living costs and unemployment. Markets and jobs: The NZ dollar has fallen to a 17-year low. Unemployment reached 5.7% in the third quarter, its highest in more than a decade, while BNZ says it plans to hire in New Zealand despite its parent NAB’s Australian job cuts. Dairy exports: Fonterra is working with Chinese food and beverage companies to develop products for local tastes, using six application centres as it targets demand for protein-rich dairy. Housing: The number of homes for sale reached 37,433, the highest for an October since 2014. Stock is up 11.4% year-on-year even as new listings fell and asking prices eased, giving buyers more choice.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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