Statistics NZ
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
Cost of living for average NZ household climbed 5.4% in June quarter, says Statistics NZ, pushed up by interest payments and insurance costs
26th Jul 24, 11:48am
69
Cost of living for average NZ household climbed 5.4% in June quarter, says Statistics NZ, pushed up by interest payments and insurance costs
Residence visa holders made up 12% of home buyers in the June quarter, Statistics NZ figures show
26th Jul 24, 10:02am
21
Residence visa holders made up 12% of home buyers in the June quarter, Statistics NZ figures show
Statistics NZ says greenhouse gas emissions fell 2.7% in the March quarter, the largest quarterly decrease since the agency started tracking emissions in 2010
23rd Jul 24, 12:23pm
23
Statistics NZ says greenhouse gas emissions fell 2.7% in the March quarter, the largest quarterly decrease since the agency started tracking emissions in 2010
'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'
22nd Jul 24, 2:50pm
28
'We are hitting the point where the RBNZ’s worries should switch from the risks from cutting the OCR too soon to the risks of keeping it too high for too long'
The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible
18th Jul 24, 5:00am
30
The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible
David Hargreaves says still 'sticky' domestic inflation may convince the Reserve Bank to sit tight on the Official Cash Rate at least for now
17th Jul 24, 11:22am
63
David Hargreaves says still 'sticky' domestic inflation may convince the Reserve Bank to sit tight on the Official Cash Rate at least for now
Falling transport costs and flat food prices dragged annual inflation to just above the 1% to 3% target band during the June quarter
17th Jul 24, 10:56am
177
Falling transport costs and flat food prices dragged annual inflation to just above the 1% to 3% target band during the June quarter
David Hargreaves assesses the prospects for the June quarter inflation figures due to be released this coming Wednesday and which will be pivotal for the Reserve Bank in deciding whether to cut the Official Cash Rate sooner or later
14th Jul 24, 6:00am
132
David Hargreaves assesses the prospects for the June quarter inflation figures due to be released this coming Wednesday and which will be pivotal for the Reserve Bank in deciding whether to cut the Official Cash Rate sooner or later