Statistics NZ

GDP figures out in the coming week will likely show our economy stalled again in the second quarter of the year - but there's already signs of a pick-up kicking in, giving confidence that the worst is behind us

GDP figures out in the coming week will likely show our economy stalled again in the second quarter of the year - but there's already signs of a pick-up kicking in, giving confidence that the worst is behind us

Net population gain from migration down to 13,066 in 12 months to July this year from 115,785 in July 2023 year

Net population gain from migration down to 13,066 in 12 months to July this year from 115,785 in July 2023 year

Manufacturing volumes fell 2.9% in the June quarter, prompting BNZ economists to forecast a GDP drop of 0.5% for the quarter

Manufacturing volumes fell 2.9% in the June quarter, prompting BNZ economists to forecast a GDP drop of 0.5% for the quarter

The building industry contracted by $3.571 billion in the year to June

The building industry contracted by $3.571 billion in the year to June

Residential building slump appears to have bottomed out in 12 months to July - fewer townhouses/home units being built and more apartments

Residential building slump appears to have bottomed out in 12 months to July - fewer townhouses/home units being built and more apartments

An unexpected rise in retail sales activity for the June quarter suggests 'there may be life in the old economy yet'

An unexpected rise in retail sales activity for the June quarter suggests 'there may be life in the old economy yet'

Inflation could rise above 3%, Westpac economists say, after Statistics NZ's Selected Price Indexes show 5% annual food price increase due to higher grocery prices

Inflation could rise above 3%, Westpac economists say, after Statistics NZ's Selected Price Indexes show 5% annual food price increase due to higher grocery prices

Fewer foreign migrants arriving in this country and more NZers leaving are pushing down migration-driven population growth

Fewer foreign migrants arriving in this country and more NZers leaving are pushing down migration-driven population growth

Electronic cards data for July shows that seasonally adjusted retail spending rose for the second consecutive month, with gains in hospitality and consumables somewhat offset by continued weakness in durables and apparel

Electronic cards data for July shows that seasonally adjusted retail spending rose for the second consecutive month, with gains in hospitality and consumables somewhat offset by continued weakness in durables and apparel

Houses are still getting more expensive to build even as their average size gets smaller

Houses are still getting more expensive to build even as their average size gets smaller

Young people are avoiding New Zealand’s weak labour market, suppressing headline unemployment and boosting education numbers

Young people are avoiding New Zealand’s weak labour market, suppressing headline unemployment and boosting education numbers

ANZ economists believe firms have 'hoarded' labour in anticipation of economic recovery and may now be forced to 'right size' through layoffs - amplifying the unemployment rate; OCR may be forced below 2.5%

ANZ economists believe firms have 'hoarded' labour in anticipation of economic recovery and may now be forced to 'right size' through layoffs - amplifying the unemployment rate; OCR may be forced below 2.5%

Falling laptop and iPhone prices are making room for rising housing and food costs within the 2% inflation target

Falling laptop and iPhone prices are making room for rising housing and food costs within the 2% inflation target

Labour market figures to be released in the coming week may show the unemployment rate rising to 5.3% from 5.1%, reflecting a mid-year 'stall' in the hoped-for economic recovery

Labour market figures to be released in the coming week may show the unemployment rate rising to 5.3% from 5.1%, reflecting a mid-year 'stall' in the hoped-for economic recovery

The slump in residential building may have hit the bottom but costs have hit a record high

The slump in residential building may have hit the bottom but costs have hit a record high