Statistics NZ

February net migration gain up 29.3% year-on-year, annual gain down as 44,055 NZ citizens leave

February net migration gain up 29.3% year-on-year, annual gain down as 44,055 NZ citizens leave

Stats NZ says retail card spending fell 0.8% last month, while separate data showed the services sector remained in contractionary mode

Stats NZ says retail card spending fell 0.8% last month, while separate data showed the services sector remained in contractionary mode

David Hargreaves has a look at what the March quarter inflation figures might bring. That's the easy bit. The hard bit is trying to work out what might come next

David Hargreaves has a look at what the March quarter inflation figures might bring. That's the easy bit. The hard bit is trying to work out what might come next

The latest update on NZ’s state of the environment is sobering – but there are glimmers of progress, Christina McCabe says

The latest update on NZ’s state of the environment is sobering – but there are glimmers of progress, Christina McCabe says

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

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'

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

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

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

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

Food prices fall 0.5% in February and reverse January's sharp rise while annual grocery costs continue to climb

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

The outflow of NZ citizens to other countries has passed its peak and appears to be stabilising

Stats NZ says retail card spending rose 0.3% on a seasonally adjusted basis in February after taking a dip in January

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

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

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

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

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

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

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

The average construction cost of new homes is now just under $450,000 - excluding land

Stats NZ says retail activity as measured by sales volumes saw the first quarterly gain in December since the March 2024 quarter

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

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

The outflow of NZ citizens appears to have peaked while inflows of foreign migrants have declined

Food prices see largest monthly spike since July 2022, jumping 1.9% in January led by grocery prices

Food prices see largest monthly spike since July 2022, jumping 1.9% in January led by grocery prices

Stats NZ says retail card spending dropped 1.6% on a seasonally adjusted basis in January after growing strongly in December

Stats NZ says retail card spending dropped 1.6% on a seasonally adjusted basis in January after growing strongly in December

New Zealand's unemployment rate rises to 5.1% as 32,000 workers drop out of the labour force

New Zealand's unemployment rate rises to 5.1% as 32,000 workers drop out of the labour force