Mint Business Insights

With Tony Alexander

View September Report

Tony Alexander on why Mint Business Insights is the report all Kiwi businesses need in 2024

Key insights from our September report

Slowdown in price increases

A net 19% of businesses have reported plans to cut or freeze prices this year, thanks to the easing cost pressures brought on by the OCR drop.

Increase in business confidence

The reduction in the OCR has contributed to a rebound in business confidence, particularly in sectors such as real estate and construction, where interest rates play a key role in driving investment.

Anticipation of economic improvement

Many businesses expect better times in 2025, with the OCR drop seen as a key factor in supporting this optimism. Lower interest rates are expected to stimulate household spending and investment.

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About Tony

For many, Tony needs no introduction. As a regular commentator on the state of the national economy, Tony is regularly appearing in media interviews to help make sense of what is happening in our local and global economy.

Tony left his appointment as Chief Economist with BNZ in 2019 to become an independent economist and has made it his purpose to help Kiwis make better decisions for their businesses, investments, home purchases. With all eyes on the economy this year, we partnered with Tony to help our business community prepare for the challenges the shrinking economy will bring.