纽币NZDUSD难反攻：高端房市开始塌、政府财政赤字超预期，新西兰经济雪上加霜

Group 1 - New Zealand's construction costs are showing signs of upward pressure, with average costs for standard residential construction in major cities rising by 0.5% over the last three months, marking an annual increase of 1.1% [1][21] - The most significant increases in construction costs are observed in structural timber (up 5.2%), cladding systems (up 5.0%), and concrete (up 4.5%) [1] - The rise in costs is attributed to early signs of cost pressure returning, as indicated by construction surveyors [1][21] Group 2 - A report indicates that 777 companies went bankrupt in the third quarter, a 5% increase from the previous quarter, highlighting ongoing structural challenges in the economy [1][2] - The construction industry has the highest number of bankruptcies at 192, although its failure rate is relatively low compared to its economic size [2] - Industries such as transportation, distribution, and manufacturing are experiencing the largest increases in bankruptcy numbers due to rising costs and weak demand [3] Group 3 - New Zealand's local government tax rate cap proposal has raised concerns among credit rating agencies, particularly Standard & Poor's, regarding its potential negative impact on the financial stability and credit ratings of local governments [4] - The proposal aims to set an annual increase cap for local council tax rates between 2% and 4%, which could limit councils' ability to repay debts and invest in critical infrastructure [4][21] - Local government leaders have criticized the proposal, arguing it could lead to deterioration of municipal assets and limit borrowing capacity for essential projects [4] Group 4 - In the U.S., initial jobless claims fell to a three-year low, indicating that employers are still trying to retain employees despite recent layoffs [5][6] - The number of initial jobless claims decreased by 27,000 to 191,000, which is below market expectations [6][7] - Despite a wave of layoffs, the data suggests that actual layoffs remain limited, alleviating concerns about a rapid deterioration in the labor market [7][8] Group 5 - U.S. companies announced a significant drop in planned layoffs in November, with a 53% decrease to 71,321, although this remains the highest level for November since 2022 [10][11] - The total number of planned layoffs for the first 11 months of the year reached approximately 1.171 million, a 54% increase year-on-year, marking the highest annual level since the pandemic [10][11] - The contrast between increased layoffs and a lack of corresponding rises in unemployment claims indicates a stagnation in the labor market [11] Group 6 - New Zealand's housing market is facing dual pressures from stagnation in the real estate market and weaker-than-expected government finances [21][22] - The median residential value in New Zealand remained flat in November at NZD 806,561, with a year-on-year decline of 0.73% [21] - The government is experiencing a core tax revenue shortfall of NZD 6 billion compared to expectations, primarily due to weaker corporate and personal tax revenues [22]