An economist says the third quarter was tough in pretty much every sector, for the New Zealand economy. 

The major banks are all predicting between 0.2% to 0.4% contraction when Stats NZ releases the GDP data for the third quarter just before 11am today. 

It'll likely mean our third technical recession in two years. 

ASB's Chief Economist Nick Tuffley told Heather du Plessis-Allan the agriculture and forestry sector were essentially the only positive performers. 

He says construction, retail, and manufacturing all felt the pressure, with electricity struggles also taking place during this quarter. 

LISTEN ABOVE 

An economist says the third quarter was tough in pretty much every sector, for the New Zealand economy.&nbsp;
The major banks are all predicting between 0.2% to 0.4% contraction when Stats NZ releases the GDP data for the third quarter just before 11am today.&nbsp;
It'll likely mean our third technical recession in two years.&nbsp;
ASB's Chief Economist Nick Tuffley told Heather du Plessis-Allan the agriculture and forestry sector were essentially the only positive performers.&nbsp;
He says construction, retail, and manufacturing all felt the pressure, with electricity struggles also taking place during this quarter.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Nick Tuffley: ASB Chief Economist on quarter three, upcoming GDP release

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/54733cc8-5cec-419a-952c-b24a014bf94e/transcript

A T20 cricketing revolution is officially underway in New Zealand. 

The governing body is backing the proposed NZ20 privatised franchise league as a preferred option for the domestic game next season, which already has major association and players' association support. 

NZC say the decision is in principle only. 

Players Association CEO Heath Mills told Mike Hosking the level of interest in the competition and potential teams has been encouraging. 

He says New Zealand is institutionalised to believe we’re too small or don’t have enough money for a league, but other, smaller economies such as the West Indies have had incredibly successful leagues. 

LISTEN ABOVE 

A T20 cricketing revolution is officially underway in New Zealand.&nbsp;
The governing body is backing the proposed NZ20 privatised franchise league as a preferred option for the domestic game next season, which already has major association and players' association support.&nbsp;
NZC say the decision is in principle only.&nbsp;
Players Association CEO Heath Mills told Mike Hosking the level of interest in the competition and potential teams has been encouraging.&nbsp;
He says New Zealand is institutionalised to believe we’re too small or don’t have enough money for a league, but other, smaller economies such as the West Indies have had incredibly successful leagues.&nbsp;
LISTEN ABOVE&nbsp;

Heath Mills: NZ Cricket Players Association CEO on NZ Cricket backing NZ20 to replace Super Smash

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b791f4b8-d8b5-4150-a2a8-b416014b49ef/transcript

It's a tale of two cities, with Canterbury crowned the top regional economy and Wellington finishing last.  

ASB's latest Regional Economic Scoreboard shows Canterbury outperformed in nearly every key measure, including employment, retail spending, housing activity, and population growth. 

Otago and Waikato tied for second and Auckland climbed to fourth. 

ASB Chief Economist Nick Tuffley told Mike Hosking it follows the theme they’ve seen over the past few years of export-focused regions being more resilient.  

LISTEN ABOVE 

It's a tale of two cities, with Canterbury crowned the top regional economy and Wellington finishing last. &nbsp;
ASB's latest Regional Economic Scoreboard shows Canterbury outperformed in nearly every key measure, including employment, retail spending, housing activity, and population growth.&nbsp;
Otago and Waikato tied for second and Auckland climbed to fourth.&nbsp;
ASB Chief Economist Nick Tuffley told Mike Hosking it follows the theme they’ve seen over the past few years of export-focused regions being more resilient. &nbsp;
LISTEN ABOVE&nbsp;

Nick Tuffley: ASB Senior Economist on the results of ASB's Regional Economic Scoreboard

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fc09989c-3eb7-46d1-bf68-b416014657ce/transcript

There are hopes aligning with Australian fuel standards could allow us to work together in an Anzac-type arrangement for fuel supply. 

The Government's changing the standards aiming to make it easier for importers to source fuel.  

Associate Energy Minister Shane Jones says they're currently drawing the line at higher-sulphur fuels until officials know if it'll damage new European emissions-compliant engines here. 

He told Mike Hosking Australasia is at the end of the railway track, so we should work together. 

He says our Prime Ministers have been talking so we can act robustly together to secure supply if needed. 

Jones told Hosking the Government's signed off on all the specifications which can be harmonised. 

He says the specifications are down to different temperatures between our countries, with fuel designed for Queensland not as useful in Twizel. 

LISTEN ABOVE 

There are hopes aligning with Australian fuel standards could allow us to work together in an Anzac-type arrangement for fuel supply.&nbsp;
The Government's changing the standards aiming to make it easier for importers to source fuel. &nbsp;
Associate Energy Minister Shane Jones says they're currently drawing the line at higher-sulphur fuels until officials know if it'll damage new European emissions-compliant engines here.&nbsp;
He told Mike Hosking Australasia is at the end of the railway track, so we should work together.&nbsp;
He says our Prime Ministers have been talking so we can act robustly together to secure supply if needed.&nbsp;
Jones told Hosking the Government's signed off on all the specifications which can be harmonised.&nbsp;
He says the specifications are down to different temperatures between our countries, with fuel designed for Queensland not as useful in Twizel.&nbsp;
LISTEN ABOVE&nbsp;

Shane Jones: Associate Energy Minister on the Government changing fuel specifications to align with Australia

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ebdbe7ab-41b4-497b-aa82-b41601417ca3/transcript

Nick Tuffley: ASB Chief Economist on quarter three, upcoming GDP release

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