Download the full Asia-Pacific Daily Briefing New Zealand’s economy contracted in the March quarter as GDP fell 0.2% following a 3% expansion in the prior quarter. This translated into year-on-year growth of 1.6% after a 3.1% rise previously. The March quarter performance came in above our expectations. But a look at the finer details reveals weakness in key industries. On the production front, weakness in primary industries extended through...
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GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Private Consumption | 2022 Q1 | 44,541 | 42,584 | Mil. Ch. 2009/2010 NZD, SA | Quarterly |
Private Consumption | 2022 Q1 | 54,574 | 51,217 | Mil. NZD, SA | Quarterly |
Investment | 2022 Q1 | 23,274 | 22,495 | Mil. NZD, SA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2022 Q1 | 23,274 | 22,495 | Mil. NZD, SA | Quarterly |
Government Consumption | 2022 Q1 | 20,267 | 19,667 | Mil. NZD, SA | Quarterly |
Real Gross Domestic Product | 2022 Q1 | 68,460 | 68,504 | Mil. Ch. 2009/2010 NZD, SA | Quarterly |
Nominal Gross Domestic Product | 2022 Q1 | 91,075 | 89,342 | Mil. NZD, SA | Quarterly |
Real Government Consumption | 2022 Q1 | 15,197 | 14,907 | Mil. Ch. 2009/2010 NZD, SA | Quarterly |
Real Investment | 2022 Q1 | 17,762 | 17,285 | Mil. Ch. 2009/2010 NZD, SA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2022 Q1 | 17,995 | 17,776 | Mil. Ch. 2009/2010 NZD, SA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | 2022 Q1 | 1,142 | 1,122 | Index 2017Q2=1000, NSA | Quarterly |
Producer Price Index (PPI) | 2022 Q1 | 1,302 | 1,257 | Index 2010=1000, NSA | Quarterly |
Labor | Reference | Last | Previous | Units | Frequency |
Wage & Salaries | 2022 Q1 | 2,579,139,810 | 2,528,924,850 | NZD, SA | Quarterly |
Labor Force | 2022 Q1 | 2,920 | 2,917 | Ths. #, SA | Quarterly |
Unemployment | 2022 Q1 | 94 | 93 | Ths. #, SA | Quarterly |
Labor Force Employment | 2022 Q1 | 2,826 | 2,824 | Ths. #, SA | Quarterly |
Unemployment Rate | 2022 Q1 | 3.2 | 3.2 | %, SA | Quarterly |
Tertiary Industries Employment | 2021 | 1,343,400 | 1,367,300 | # | Annual |
Total Employment | 2021 | 2,314,200 | 2,317,300 | # | Annual |
Agriculture Employment | 2017 | 176,765 | 169,705 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Exports of Goods | May 2022 | 6,952 | 6,156 | Mil. NZD, NSA | Monthly |
Balance of Goods | May 2022 | 263.01 | 439.8 | Mil. NZD, NSA | Monthly |
Imports of Goods | May 2022 | 6,689 | 5,716 | Mil. NZD, NSA | Monthly |
Current Account Balance | 2022 Q1 | -8,521 | -6,612 | Mil. NZD, SA | Quarterly |
Real Exports of Goods and Services | 2022 Q1 | 13,537 | 15,798 | Mil. Ch. 2009/2010 NZD, SA | Quarterly |
Imports of Goods and Services | 2022 Q1 | 25,526 | 24,405 | Mil. NZD, SA | Quarterly |
Exports of Goods and Services | 2022 Q1 | 18,755 | 20,410 | Mil. NZD, SA | Quarterly |
Real Net Exports | 2022 Q1 | -8,412 | -6,781 | Mil. Ch. 2009/2010 NZD, SA | Quarterly |
Real Imports of Goods and Services | 2022 Q1 | 21,949 | 22,579 | Mil. Ch. 2009/2010 NZD, SA | Quarterly |
Net Exports | 2022 Q1 | -6,771 | -3,995 | Mil. NZD, SA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Lending Rate | 24 Jun 2022 | 2 | 2 | Percent, NSA | Daily |
Treasury Bills (over 31 days) | 23 Jun 2022 | 2.28 | 2.26 | % p.a., NSA | Business Daily |
Average Long-term Government Bond | 23 Jun 2022 | 4.02 | 4.22 | % p.a., NSA | Business Daily |
Stock Market Index | 23 Jun 2022 | 10,813 | 10,678 | Index, NSA | Daily |
Money Market Rate | 03 Jan 2019 | 1.69 | % p.a., NSA | Business Daily | |
Business Lending Rate | Jan 2017 | 4.67 | 4.6 | % p.a., NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
House Price Value | May 2022 | 840,000 | 875,000 | NZD, NSA | Monthly |
Residential Building Permits | Mar 2022 | 2,290,727,429 | 1,865,032,636 | NZD, NSA | Monthly |
Non-residential Building Permits | Mar 2022 | 998,167,067 | 715,996,027 | NZD, NSA | Monthly |
Building Permits | Mar 2022 | 3,346,946,662 | 2,632,755,181 | NZD, NSA | Monthly |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | 2022 Q2 | 78.7 | 92.1 | Index, NSA | Quarterly |
Retail Sales | 2022 Q1 | 28,948 | 28,815 | Mil. NZD, SA | Quarterly |
Personal Income | 2021 Q4 | 198.52 | 196.64 | Index 2005=100, SA | Quarterly |
Business | Reference | Last | Previous | Units | Frequency |
Business Confidence | May 2022 | -55.5 | -42 | %, NSA | Monthly |
Capacity Utilization | May 2022 | 4.9 | 7.4 | %, NSA | Monthly |
Change in Inventories | 2022 Q1 | 277 | 426 | Mil. NZD, SA | Quarterly |
Real Change in Inventories | 2022 Q1 | 182 | 30 | Mil. Ch. 2009/2010 NZD, SA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | 2022 Q1 | 5,127,100 | 5,122,300 | #, NSA | Quarterly |
Births | 2022 Q1 | 15,555 | 13,863 | #, NSA | Quarterly |
Deaths | 2022 Q1 | 8,697 | 8,583 | #, NSA | Quarterly |
Net Migration | 2017 | 74,403 | # | Annual | |
Birth Rate | 2016 | 12.65 | 13.27 | # per Ths. pop. | Annual |
Death Rate | 2016 | 6.64 | # per Ths. pop. | Annual |