The economy grew 0.9 per cent in the second quarter, lifting the country out of recession and exceeding expectations. In fact, based on revisions to earlier numbers, the economy may not have been in a technical recession at all. Economists had forecast New Zealand would rebound back into growth in the second quarter of the year. Estimates for June quarter GDP (gross domestic product) ranged from growth of 0.4 per cent to growth of 0.8 per cent. But higher dairy, forestry, and meat exports helped drive the growth of 0.9 per cent in the second quarter.

PHOTO: NZ HERALDThe economy has posted stronger than expected growth in the second quarter as service industries and manufacturing lifted activity. The previous quarter's GDP figure was revised to zero from the previous 0.1-percent fall. Service industries, which make up two thirds of the economy, generally drove the increase, although household spending was soft. Labour Party finance spokesperson Grant Robertson said the GDP figures showed New Zealand's economy was resilient. "I think it is likely there will be sort of slow, very, very slow anaemic positive growth second quarter, the June quarter.

Essentially they are signaling that rates will stay elevated well into 2024 with fewer projected cuts. Somewhat surprisingly, American mortgage applications jumped +5.4% last week, the first rise in three weeks, and the biggest since mid-June. In Germany, fast-retreating energy costs are allowing producer price inflation to cool fast. British CPI inflation fell marginally to +6.7% in August from +6.8% in July, and this was lower than the expected +7.0% rate. The bitcoin price has barely moved from this time yesterday, and is now at US$27,215, a rise of just 0.1%.

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The edict was introduced after Te Whatu Ora - Health New Zealand National Public Health Service Southern confirmed an initial eight cases of the gastro illness caused by the protozoan. “Because we’ve now got 15 cases — and that’s unusual — the advice from Public Health is that we need to take a precautionary approach. “We can’t prove that it’s not the water supply, but we can’t find any obvious link.”Earlier indications pointed to the water supply at Fernhill-Sunshine Bay being a potential source. “Additional testing for crypto in the water supply has been in place following the confirmed cases.”He said raw water sources would be tested daily. “We’re replenishing bottled water to our stores in the area, and more stock will be available to customers as soon as possible.”matt.porter@odt.co.nz.

Twitter/FortniteIN THE NEWS: The latest release of popular game Fortnite has the subtitle "What" Resort?

Te Pati Maori co-leaders Rawiri Waititi and Debbie Ngarewa-Packer. "I think that is so true," Ms Ngarewa-Packer said. It is a phrase Ms Ngarewa-Packer dislikes intensely, feeling that each side should come to the table in the interest of the strength of unity, as envisaged by the Treaty. Te Pati Maori is a challenge to the status quo, Ms Ngarewa-Packer said: when half the population was earning less than $30,000 (the median weekly income), that was not good enough. If Labour needed Te Pati Maori to form a government, it would need to offer plenty Ms Ngarewa-Packer said.

ADVERTISEMENTWayne Brown children-New Zealand politician, Wayne Kevin Forrest Brown was born on August 22, 1946, in Auckland, New Zealand. Wayne Brown has two children with his wife, Toni Brown. The names of his children are Sean Brown and Lucy Brown. Brown attributed the budget deficit at the Auckland Council to the outgoing mayor Phil Goff. In addition, Brown asserted that leaving the LGNZ will save the Council roughly NZ$640,000 annually as part of attempts to decrease debt in the 2023–24 budget for Auckland Council.

James K Baxter – the Ballard of Calvert StreetJesus last nights debate was mediocre. The first leaders debate that Jessica Mutch heroically attempted to keep relevant was dull and exceptionally boring. The debate was full of dull lifeless answers that peddled talking points rather than answers and vision. When you consider the radical shift to the right National and ACT represents, the biggest loser last night was New Zealand. Oh, BTW – our Post Leaders Debate live from Backbenchers Pub in Wellington was raucous, hilarious and once again a triumph for all involved.

But the sensible part of my brain says that this would be a very, very bad occurrence. There was the obligatory blowing of the racist Dog whistle and farcical claims about the Treaty of Waitangi. ACT would legislate that the principles of the Treaty are based on what the Treaty actually says, in contrast with recent revisionist interpretations of the Treaty’s principles, through a Treaty Principles Act and inviting citizens to ratify it. Its proposal, to hold a referendum on whether its misguided view of the meaning of the Treaty would be a farce. You really get the feeling that Act does not care about these potential consequences.

In an update on Wednesday, Auckland Westpac Helicopter said its crew were tasked to Mt. Pirongia alongside the Taranaki Rescue Helicopter to assist patients involved in a helicopter crash. It was originally reported no one was injured, but in an update on Wednesday, Auckland Westpac Helicopter said three people were injured. "Auckland Westpac Rescue Helicopter crew winched out three male patients believed to be in their 40's, 60's and 70's," a spokesperson for Auckland Westpac Helicopter said. Philips Search & Rescue Trust later clarified they were only taken to hospital for a check-up, however.

Here's our summary of key economic events overnight that affect New Zealand, with news both equity and bond markets are displaying some nerves ahead of tomorrow's US Fed rate and policy decisions. The UST 10yr yield starts today up +3 bps at 4.35%. The Australian 10 year bond yield is now at 4.22% and up +2 bps from yesterday. And the NZ Government 10 year bond rate is now at 5.09% and up +1 bp. The Kiwi dollar starts today still in its recent yo-yo range and up about +10 bps from this time yesterday at 59.3 USc.

The Pre-Election Fiscal Update Changes Everything Within an hour of this speech there is going to be a debate between the political parties that the media, under MMP, still think are the only parties that matter in this campaign. Both of those parties are riddled with inexperience, as evidenced by ...

A recent helicopter crash on Mt Pirongia has prompted authorities to issue a “keep out” notice for the area until further notice. The crash occurred on the popular walking track, resulting in the death of the pilot. Authorities are currently investigating the cause of the crash and assessing the condition of the trail to ensure it is safe for public use. They are also asking for cooperation in sharing any information that may assist in the investigation into the crash. In this case, adhering to the “keep out” notice will contribute to the ongoing investigation and prevent any further incidents on Mt Pirongia.

The Pre-Election Fiscal Update Changes Everything Within an hour of this speech there is going to be a debate between the political parties that the media, under MMP, still think are the only parties that matter in this campaign. Both of those parties are riddled with inexperience, as evidenced by ...