It seems that registrations of new vehicles has increased by 7.1% this year, compared to the first few months of 2020. This is good news for vehicle retail stocks on the NZX, but not exciting enough for me to be buying. Anyone looking to buy such stocks would probably want to do the research to confirm that such success isn’t already priced into the share price.
Today I decided to start a list of indicators that I can use to track recessionary signs of the NZ economy. I’ll update this list as I go, please post your suggestions in the comments below if there’s anything you think is worth adding to this list, and also let me know if you think this is something you’d like to see as a weekly article as part of Thursdays mailer for those who’ve subscribed.
Kiwisaver fund withdrawal stats: https://www.ird.govt.nz/about-us/tax-statistics/kiwisaver/withdrawals/amount
This covers withdrawals for first home buyers and hardship reasons.
Data to add: employment stats, port traffic, etc…
