Statistics NZ
Economists don't see the upside surprise to the latest quarterly GDP figures as derailing likely Official Cash Rate cuts in each of the next two RBNZ reviews - but beyond that there's question marks over what comes next
24th Mar 25, 2:42pm
1
Economists don't see the upside surprise to the latest quarterly GDP figures as derailing likely Official Cash Rate cuts in each of the next two RBNZ reviews - but beyond that there's question marks over what comes next
After plunging in the previous two quarters, GDP grew a better-than expected 0.7% in the December quarter; figures 'a genuine upside surprise'
20th Mar 25, 10:57am
43
After plunging in the previous two quarters, GDP grew a better-than expected 0.7% in the December quarter; figures 'a genuine upside surprise'
The deficit between what we earn overseas and what we spend drops to 6.2% of GDP, but remains at levels generally seen as too high
19th Mar 25, 11:12am
The deficit between what we earn overseas and what we spend drops to 6.2% of GDP, but remains at levels generally seen as too high
NZIER's latest consensus of economic forecasts shows that while economic growth is expected to rise above 2% by this time next year, economists see GDP only growing 2.6% by the March 2028 year
17th Mar 25, 2:18pm
9
NZIER's latest consensus of economic forecasts shows that while economic growth is expected to rise above 2% by this time next year, economists see GDP only growing 2.6% by the March 2028 year
After plunging in the previous two quarters, GDP likely returned to positive growth for the December quarter, but the growth's looking pretty subdued so far
16th Mar 25, 6:30am
5
After plunging in the previous two quarters, GDP likely returned to positive growth for the December quarter, but the growth's looking pretty subdued so far
[updated]
Food prices fall 0.5% in February and reverse January's sharp rise while annual grocery costs continue to climb
14th Mar 25, 11:55am
1
Food prices fall 0.5% in February and reverse January's sharp rise while annual grocery costs continue to climb
The outflow of NZ citizens to other countries has passed its peak and appears to be stabilising
14th Mar 25, 6:48am
20
The outflow of NZ citizens to other countries has passed its peak and appears to be stabilising
[updated]
Stats NZ says retail card spending rose 0.3% on a seasonally adjusted basis in February after taking a dip in January
12th Mar 25, 11:17am
Stats NZ says retail card spending rose 0.3% on a seasonally adjusted basis in February after taking a dip in January
Stats NZ figures show that manufacturing and wholesale sale figures flipped into positive territory in the December quarter after both going backwards in the September quarter; meat and dairy were strong contributors
11th Mar 25, 11:50am
2
Stats NZ figures show that manufacturing and wholesale sale figures flipped into positive territory in the December quarter after both going backwards in the September quarter; meat and dairy were strong contributors
Fewer new shops and warehouses being developed as build costs remain high
Non-residential building work is starting to follow residential construction into negative territory
7th Mar 25, 11:05am
1
Non-residential building work is starting to follow residential construction into negative territory
New Zealand’s environmental taxes fell by 21% to $5.2 billion in the 2022-2023 year, driven by energy and transport declines
6th Mar 25, 1:56pm
1
New Zealand’s environmental taxes fell by 21% to $5.2 billion in the 2022-2023 year, driven by energy and transport declines
A total of 15,668 fewer new homes a year are being consented compared to two years ago
4th Mar 25, 11:45am
4
A total of 15,668 fewer new homes a year are being consented compared to two years ago
New Zealand adds nearly 8,000 filled jobs in January, but annual job numbers decline
28th Feb 25, 11:55am
3
New Zealand adds nearly 8,000 filled jobs in January, but annual job numbers decline
The average construction cost of new homes is now just under $450,000 - excluding land
26th Feb 25, 10:52am
82
The average construction cost of new homes is now just under $450,000 - excluding land
[updated]
Stats NZ says retail activity as measured by sales volumes saw the first quarterly gain in December since the March 2024 quarter
24th Feb 25, 11:22am
3
Stats NZ says retail activity as measured by sales volumes saw the first quarterly gain in December since the March 2024 quarter
The basket of goods and services Statistics NZ uses to measure inflation is years out of date and may not be accurate, according to Reserve Bank bosses
21st Feb 25, 10:03am
73
The basket of goods and services Statistics NZ uses to measure inflation is years out of date and may not be accurate, according to Reserve Bank bosses
The outflow of NZ citizens appears to have peaked while inflows of foreign migrants have declined
17th Feb 25, 11:51am
114
The outflow of NZ citizens appears to have peaked while inflows of foreign migrants have declined
[updated]
Food prices see largest monthly spike since July 2022, jumping 1.9% in January led by grocery prices
14th Feb 25, 12:21pm
52
Food prices see largest monthly spike since July 2022, jumping 1.9% in January led by grocery prices
[updated]
Stats NZ says retail card spending dropped 1.6% on a seasonally adjusted basis in January after growing strongly in December
13th Feb 25, 11:21am
40
Stats NZ says retail card spending dropped 1.6% on a seasonally adjusted basis in January after growing strongly in December
[updated]
New Zealand's unemployment rate rises to 5.1% as 32,000 workers drop out of the labour force
5th Feb 25, 10:58am
159
New Zealand's unemployment rate rises to 5.1% as 32,000 workers drop out of the labour force
Value of building work for new housing dropped almost $5 billion last year versus 2022 peak
4th Feb 25, 2:03pm
14
Value of building work for new housing dropped almost $5 billion last year versus 2022 peak
Stats NZ says high interest payments on mortgages continue to contribute 'significantly' to living costs
3rd Feb 25, 11:36am
14
Stats NZ says high interest payments on mortgages continue to contribute 'significantly' to living costs
Labour market figures to be released in the coming week, could show unemployment hitting 5% for the first time since a brief spike during the pandemic, but David Hargreaves says with interest rates now coming down employment levels may start to settle
2nd Feb 25, 6:30am
123
Labour market figures to be released in the coming week, could show unemployment hitting 5% for the first time since a brief spike during the pandemic, but David Hargreaves says with interest rates now coming down employment levels may start to settle
Record departures still being offset by migration gains with NZ population up 30k in November year
23rd Jan 25, 11:43am
98
Record departures still being offset by migration gains with NZ population up 30k in November year