Entries by Matt Nolan

The week in numbers

Household borrowing accelerated to 13.6%pa in June Non-residential consents softened in June, but the June quarter was relatively strong, with Factory and commercial consents elevated Residential consents lifted strongly in June, on the back of robust house price growth.  Wellington was a top performer Most of this weeks data was expected.  However, after the RBNZ […]

Creative destruction

I’ve always had a soft spot for the idea of creative destruction, even though my understanding of the it is well below par. I found the following article interesting, in the way it used the idea of job creation and destruction to describe the process of changing unemployment.  It gives us a good idea about […]