Research

New Zealand Insights - September 2017

By AMP Capital

The New Zealand economy regained some momentum into the middle of the year following a soft patch at the end of 2016 and in early 2017. Overall the case remains for continued solid growth. The outcome of the election creates the greatest uncertainty, though both major parties remain committed to the foundations of New Zealand’s macro-economic stability. Fiscal policy looks set to be easier in 2018/19 regardless of outcome with the only question being the mix of that easing. Inflationary pressures remain generally subdued with monetary policy likely on hold until late 2018.

Key points

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Economy regains momentum

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Strong pipeline of construction activity

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Business investment is growing

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Underlying inflationary pressures low and stable

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Expect short-term interest rates to remain on hold

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New Zealand equity market performs strongly

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Important notes

This article has been prepared to provide general information and does not constitute 'financial advice' for the purposes of the Financial Advisors Act 2008 (Act). An individual investor should, before making any investment decisions, consider the information available in the relevant Product Disclosure Statement and seek professional advice. While every care has been taken in the preparation of this document, AMP Capital Investors (New Zealand) Limited and the AMP Group (together, 'AMP') make no guarantee that the information supplied is accurate, complete or timely and do not make any warranties or representations in respect of results gained from its use. The information is not intended to infer that current or past returns are indicative of future returns. The views expressed are those of the author and do not necessarily reflect those of AMP. These views are subject to change depending on market conditions and other factors.

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