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Statistics NZ

Economists and bond traders expect the Reserve Bank to cut interest rates quickly despite critical core inflation measures remaining above 3%
17th Oct 24, 9:42am
35
Economists and bond traders expect the Reserve Bank to cut interest rates quickly despite critical core inflation measures remaining above 3%
[updated]
Headline inflation lands on the Reserve Bank’s 2% target, despite the largest local government rate hikes since 1990
16th Oct 24, 10:47am
117
Headline inflation lands on the Reserve Bank’s 2% target, despite the largest local government rate hikes since 1990
Cardholders spent $8.6 billion and made 157 million transactions in September, but electronic card spending still ends the month flat
14th Oct 24, 12:34pm
24
Cardholders spent $8.6 billion and made 157 million transactions in September, but electronic card spending still ends the month flat
David Hargreaves assesses prospects for the September quarter CPI figures to be released this coming Wednesday, which should show inflation back under 3%. But could the figures still put a dampener on expectation of further fast interest rate falls?
13th Oct 24, 6:31am
97
David Hargreaves assesses prospects for the September quarter CPI figures to be released this coming Wednesday, which should show inflation back under 3%. But could the figures still put a dampener on expectation of further fast interest rate falls?
Statistics NZ says food prices rose 1.2% in September year, but fruit and vegetable prices fell 8.3% led by declining kūmara and potato prices
11th Oct 24, 12:29pm
5
Statistics NZ says food prices rose 1.2% in September year, but fruit and vegetable prices fell 8.3% led by declining kūmara and potato prices
Statistics NZ says the number of filled jobs rose in August after a four-month slump
4th Oct 24, 1:01pm
4
Statistics NZ says the number of filled jobs rose in August after a four-month slump
Home ownership rates rose for the first time in three decades due to better affordability in 2019 and 2020, according to 2023 census data
3rd Oct 24, 12:29pm
72
Home ownership rates rose for the first time in three decades due to better affordability in 2019 and 2020, according to 2023 census data
Tough times are getting tougher for the building industry as fewer and fewer new homes are being consented
1st Oct 24, 12:00pm
22
Tough times are getting tougher for the building industry as fewer and fewer new homes are being consented
Kiwibank economists say they would 'advocate' that the Reserve Bank cuts the OCR by 50 basis points both next month and again in November
23rd Sep 24, 3:09pm
78
Kiwibank economists say they would 'advocate' that the Reserve Bank cuts the OCR by 50 basis points both next month and again in November
New Zealand’s per capita recession has surpassed the Global Financial Crisis after contracting for seven consecutive quarters
19th Sep 24, 10:53am
199
New Zealand’s per capita recession has surpassed the Global Financial Crisis after contracting for seven consecutive quarters
The deficit between what we earn overseas and what we spend has remained at 6.7% of GDP, contrary to expectations that the ratio would decrease; deficit remains 'unsustainably wide'
18th Sep 24, 11:28am
12
The deficit between what we earn overseas and what we spend has remained at 6.7% of GDP, contrary to expectations that the ratio would decrease; deficit remains 'unsustainably wide'
David Hargreaves assesses the prospects for the forthcoming quarterly GDP figures, which are likely to be grim, but might hopefully point to better times ahead
15th Sep 24, 6:30am
146
David Hargreaves assesses the prospects for the forthcoming quarterly GDP figures, which are likely to be grim, but might hopefully point to better times ahead
[updated]
Electronic card spending rose in August for the first time in seven months, Statistics NZ says
12th Sep 24, 12:18pm
6
Electronic card spending rose in August for the first time in seven months, Statistics NZ says
Statistics NZ's Selected Price Indexes show that food prices rose just 0.4% in the year to August while rent increases remained at the same level and fuel and travel costs dipped
12th Sep 24, 11:46am
31
Statistics NZ's Selected Price Indexes show that food prices rose just 0.4% in the year to August while rent increases remained at the same level and fuel and travel costs dipped
Building consent numbers jumped in July but the long term trend is still declining
30th Aug 24, 12:13pm
17
Building consent numbers jumped in July but the long term trend is still declining
New Zealand retail sales down 1.2% in June quarter, extending two-year downward trend in consumer spending
23rd Aug 24, 12:44pm
71
New Zealand retail sales down 1.2% in June quarter, extending two-year downward trend in consumer spending
[updated]
Statistics NZ says food prices rose 0.6% in the year to July; annual rental growth of 4.3% is the slowest rate of growth since November 2023
15th Aug 24, 11:26am
37
Statistics NZ says food prices rose 0.6% in the year to July; annual rental growth of 4.3% is the slowest rate of growth since November 2023
Statistics NZ reverses earlier migration estimates for May from a net loss to a net gain, reports a gain for June
13th Aug 24, 12:08pm
32
Statistics NZ reverses earlier migration estimates for May from a net loss to a net gain, reports a gain for June
Population growth outpaced employment in the June quarter, pushing New Zealand’s jobless rate up to 4.6% with youth unemployment rising the most
7th Aug 24, 10:53am
131
Population growth outpaced employment in the June quarter, pushing New Zealand’s jobless rate up to 4.6% with youth unemployment rising the most
[updated]
'We strongly believe the Reserve Bank should be easing monetary policy as soon as possible. Indeed, we are on record as having said that it should already have done so'
6th Aug 24, 10:05am
125
'We strongly believe the Reserve Bank should be easing monetary policy as soon as possible. Indeed, we are on record as having said that it should already have done so'
Westpac economists think the Reserve Bank will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June quarter and the jobless rate will exceed 5.5%
5th Aug 24, 9:54am
47
Westpac economists think the Reserve Bank will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June quarter and the jobless rate will exceed 5.5%
A rising number of applicants are chasing fewer jobs with some workers even having to take pay cuts, Frog Recruitment's Shannon Barlow says
5th Aug 24, 9:20am
8
A rising number of applicants are chasing fewer jobs with some workers even having to take pay cuts, Frog Recruitment's Shannon Barlow says
Labour market figures out in the coming week are universally expected to show higher numbers of people out of work, but David Hargreaves says it would need surprisingly high numbers to get the Reserve Bank to cut interest rates as soon as this month
4th Aug 24, 6:00am
150
Labour market figures out in the coming week are universally expected to show higher numbers of people out of work, but David Hargreaves says it would need surprisingly high numbers to get the Reserve Bank to cut interest rates as soon as this month
Total annual value of building work on new homes down nearly $5 billion over the last two years
31st Jul 24, 12:00pm
82
Total annual value of building work on new homes down nearly $5 billion over the last two years
Kiwibank economists believe the Reserve Bank is set to do a big about-face with its Official Cash Rate forecasts
29th Jul 24, 2:06pm
66
Kiwibank economists believe the Reserve Bank is set to do a big about-face with its Official Cash Rate forecasts