New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Thematic (Sector/Industry)

New zealand Capital goods / Thematic (Sector/Industry)

<ul><li>National sales down -0.1% seasonally adjusted month-on-month (previously -7.4%) and -2.9% yoy (previously -9.8%).</li><li>Construction of new housing was up +1.6% on the March quarter, the largest quarterly increase since December 2022.</li><li>Australian auction clearance rates have fallen to their lowest levels since the COVID-19 pandemic, reflecting weaker buyer confidence and softer housing demand.</li></ul>

National sales down -0.1% seasonally adjusted month-on-month (previously -7.4%) and -2.9% yoy (previously -9.8%).Construction of new housing was up +1.6% on the March quarter, the largest quarterly increase since December 2022.Australian auction clearance rates have fallen to their lowest levels since the COVID-19 pandemic, reflecting weaker buyer confidence and softer housing demand.

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