We are proud to announce that the Infometrics Infrastructure Pipeline Profile has been refreshed and expanded to provide a comprehensive overview of New Zealand’s infrastructure investment intentions out 2028.
Brad Olsen’s article outlines how capital spending on infrastructure is expected to reach $129 billion over this period.
The National Drive Electric Week occurred earlier in September, Mieke Welvaert details how businesses can access funding for their electric vehicle ventures.
We reflect on the Reserve Bank’s signals in the August Monetary Policy Statement, arguing that the Reserve Bank’s assumptions about monetary policy effectiveness may not be as strong as previously, and that they may be better to keep an OCR cut for the next external shock.
Finally, we circle back to infrastructure spending with our regular Chart of the Month, where we highlight the infrastructure areas local councils are looking to invest in over the next 10 years.
The latest Infometrics Infrastructure Pipeline Profile shows that average infrastructure investment across the country is expected to be 28% higher over the next 10 years compared to the 2010-2018 period. A total of $129 billion in capital projects are estimated to be built over the 2019-2029 period.
In light of National Drive Electric Week happening this month we thought we’d talk about how businesses can access funding for their electric vehicle ventures.
The August Monetary Policy Statement was the most influential yet under new Governor Adrian Orr, even though there was no change to the official cash rate (OCR). Mr Orr pushed out expectations for a rates hike until 2020, sending the New Zealand dollar sharply lower.
But it was the Governor’s assertion that rates could and would move lower, if weak indicators persist, that is both his biggest warning and most questionable stance.
Our latest Infrastructure Pipeline Profile sheds light on which infrastructure areas local councils are looking to invest in over the next 10 years. Capital spending by local councils is expected to top $53b over the next decade, compared to $39b over the previous nine years.
Gareth Kiernan, Infometrics Chief Forecaster, is available to present his insights into building & property, infrastructure and transport sectors, as well as the New Zealand economy in general. We offer national level insights, as well as a strong focus on individual regions.
